MIL has been in hospital for some time and we're getting close to the stage where her EPA will need to be registered. She's still having treatment in hospital and they are happy for her to be there, but we're anticipating we'll need to look at residential/nursing care when she's physically better in 2/3 months.
My husband is one of the named Attorneys and his other three siblings want to rent MIL's house out to increase funds coming in, partly to increase income for MIL but I guess in the long term to increase any inheritance.
DH is more than happy to act as Attorney, generally help MIL in buying clothes/other items and visiting her long term, but he doesn't want the responsibility of another house, ie in an emergency he can't take time off work just like that (I do that side of things for our house and haven't got a car to gets to MILs), regular electric/gas checks will have to come out of his time as he works very long hours. However, he's trying to be open minded.
I know they can get advice when the solicitor registers the EPA, but I was just wondering if this can be done and if there would be any tax implications. Also, there's the argument that it's not in MIL's interests (but in her childrens who'll be beneficiaries) as if she runs out of money, her costs can be covered by the government anyway.