My mum's investment in (worthless?) land

[saraclara]

My mum is in a care facility and her liquid funds ran out years ago. The council has taken over, but as he has £50,000 in a land investment (Stirling Mortimer No 9 Fund) she is basically running up a debt with the council that will need paying when she dies or if it's ever possible to get any of this money back. The land that she bought into in 2008 has never sold and I presume is unlikely to at this point.

Does anyone know what will happen when she dies? Do we hand the paperwork over to the council and let them have an interest in some worthless land? I'm assuming that we/they will never see the money?
I really don't understand this stuff. Is this money gone forever? I'm pretty angry with her financial adviser for suggesting this investment, when Mum was in her late 70s. Surely it was obviously that she'd need access to it?

Sorry if this is a bit niche, and it might belong in legal, I'm not sure. But I need to start asking somewhere, and it might as well be on a forum I know.

If these investments were recommended by a FA, your mother or a representative on her behalf, could to try and make a claim against them.
I believe any claim is time limited though, so worth checking. There have been a number of successful claims against FA's for this, though it was some years ago.

The Financial Ombudsman won't consider claims:

More than six years after the event took place; OR

if later, more than three years after the complainant became aware, or ought reasonably to have become aware, that they had cause for complaint;
unless the business consents to them looking into the complaint despite it having been brought out of time;
OR
Exceptional circumstances apply, for example, where the complainant has been incapacitated – and, as a result of this, was unable to bring the complaint to this service within the applicable time limits.

You can bring a complaint for free to the Financial Ombudsman Service.
How to do this - see MSE
https://www.moneysavingexpert.com/reclaim/fight-back-fos/

You must approach the firm who recommended the investments first before taking it to the FOS.
(My knowledge of the Stirling Mortimer scandal is now somewhat sketchy, so suggest you do your own research on this first).

A number of law firms operated on no win-no fee basis for this at the time. If you don't feel able to tackle it yourself you could see if this is still available...
such as:
https://www.fsl.legal/litigation-and-dispute-resolution/financial-services-litigation/ucis-unregulated-collective-investment-schemes/stirling-mortimer-cape-verde-majestic-and-global-property-funds/

To be honest it's not worth the time and effort claiming that she was mis-sold.(which she was). Any money raised will go straight to the council. Her needs are such that the debt to the council is already about £250k.

So it looks like when she dies we just give them the paperwork and wish them luck?

That's for the links though @seekingasimplelife . I might give the firm in that last link a call anyway. Just to get a feel for what's going on.