My lovely MIL, a widow, is in the middle stages of Alzheimer's and we have just put an LPA in place (ie my DH and his two siblings have; they are all middle aged with spouses and young children).
It is my understanding that if one of MIL's children dies before her, that person's surviving spouse and/or children will inherit nothing from MIL's estate once MIL dies, am I right?
I have a feeling MIL's children may want to look into this in order to protect their spouses and all MIL's grandchildren, 9 in total. FIL & MIL lived/lives for the grandchildren and always wanted their home and savings to give them a bit of help with, say, future home deposits or education.
DH gets on fine with his siblings but none of us are very close, however I'm pretty sure they would all agree on the above.
It's a morbid situation to think about and I may come across as grabby on behalf of my children here, but I'm trying to be sensible. In the event of DH or one of his siblings dying, legal disputes would be so bloody awful.
Has anyone been in a similar situation? Any advice please?
Many thanks.