Quote:
Originally Posted by maviczap
We'll sell the house at the market rate, pay the mortgage off, and my mum will have whats left.
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unfortunately you wont get the chance as it will be in the T&C's of the care home for them to guarantee they get paid. they sell the property, remove all solicitor/sales/marketing costs then what ever is left they will put into your mum's bank account then set up a DD to pay the home fees.
once the money has run out they will transfer your mum into a 'state home'. the state home will then take what ever money that your mum receives in pensions or any other means and the gov top it up. or community care and pay nowt depending on care levels.
£3200 avg a month for nursing home.
http://www.mirror.co.uk/features/how...e-fees-3835475
i'm in the same situation (sort of) with the wife. if i die first the state get everything. mind you i know the wife and she will top herself within a week if it happens.