Deferred payment

[ThinkAboutItTomorrow]

Hi

Due to dementia I had POA on my mums legal and financial affairs. I took out a deferred payment with the council to draw down against her flat and fund care home fees (savings had already all gone by then).

My mum died in July and I plan to pay the council out of my own savings and then just keep the flat as it's rented out until next May. I'm the sole beneficiary and executor.

I'm just wanting to know if there is anything 'wrong' with doing this, or any consequences I ought to know about?

Failing that I'd appreciate advice on if this is a legal thing or a financial thing? Do I look for a lawyer or an IFA?

In my head it's simple but I don't want to fuck up.

Anyone have any advice please?

I was in almost exactly the same situation as you earlier this.

My mother passed away and I was her executor (jointly with my husband) and sole beneficiary.

About six months previously we had arranged a DPA with our local authority (her property was being let to help with her care fees). We repaid the amount owed to the LA from our own funds and the charge was removed. It was that simple!

(My husband has made the point that if there were other beneficiaries involved, then we would not have done this in case we "muddied" the waters.)

... earlier this YEAR!

Thank you, that's a relief to hear. It does sound simple, I was just worried how it plays out.

My mum's assets are still below the inheritance threshold so should be ok on that too.

As long as they are paid, I don't suppose for a moment they mind where the funds come from. Why don't you call them and check - say you are in the position to be able to reimburse the funds already but does the property actually need to be sold?

Thanks, I know the council won't care where the funds come from, I was more worried if I'd be hit with a tax thing or am doing something wrong with probate.

It sounds as though I'm worrying needlessly though. Hopefully