Will try to keep this as brief as possible. My Mum passed away on Boxing Day with Vascular Dementia, she was diagnosed a year ago so a very fast deterioration and as a result we never got POA. In the end we never needed it as she died before we managed to find a nursing home for her but we would have had to get Deputyship.
Now trying to get things sorted for my Dad. He is 83 but very “with it” so he thinks it makes sense for me to have POA. I’m an only child so no siblings to work with but he also wants my DH on there too to help with the financial stuff. I’m happy to do it but not entirely sure what it involves, we have an appointment next week but I’d like to have more of an idea before we go. He doesn’t need any support at the moment. He handles money and banks on his own, I call Utility bills etc and he gives permission for them to speak to me if needed. Ideally he’d just like something in place if something did happen but not to actually do anything with it at the moment, is that possible? And if so then do we need both or just financial?
Also the solicitors have suggested putting his house in a trust. I’m not convinced it’s a great idea tbh and I think it will be l
more hassle than it’s worth. They suggested it was to do with avoiding care home fees but surely that can’t be the case or everyone would be doing it?
It’s a tiny bungalow, plus even with his savings it’s below the IT threshold so can’t see the point unless someone can tell me otherwise?