I wasn't sure whether to post this here or in Money Matters, but I figured there were probably people on here that have gone through this same dilemma.
Sadly MIL is now unable to live independently and is in a nursing home. Her house is being sold to pay for care (she has no other notable assets). The question is - where do we put the lump sum that this will generate? DH was just going to put it in her savings account but I pointed out that only £85000 would be protected. MIL doesn't have any other accounts. DH has PoA and can obviously open more in her name and spread the money about, but he has had previous bad experiences regarding the challenge of trying to do things with a PoA and would rather avoid if possible.
Is this just what everyone does, or is there another solution we are missing?