Shared property with dad in his 80s?

[Lavenderfowl]

I’m on my own with primary aged DC, and we need to move house after divorce.

My dad currently lives on his own but will need support at some point - he is very independent and we both like our own space and respect that.

A nice house with an annexe has come up
locally, and I’m wondering whether to suggest it to him…we’d both need to sell so we may miss it anyway, but it’s the principle I’m interested in.

Has anyone done this and does it work? We couldn’t/wouldn’t want to live in the same house but this is two separate buildings each with their own little garden and parking.

Thoughts? TIA.

See a solicitor re division of assets and inheritance. Be prepared to be his primary carer. Establish rules re household. Do you have siblings who may view this as an asset grab? You won't have autonomy away from him.

If I was divorcing and dad was still fairly sprightly, house rules firmly established, babysitter on the doorstep for evenings out or emergencies.....

Yeah can see benefits.

Siblings would be welcome to share the load if they think it an asset grab but what people forget it the assets aren't theirs until a
parent dies. They should be what 50 ish now so proper grown ups in fact being close to family help might mean more asset left in the end. So I wouldn't worry about this.

All depends on your relationship with your dad.

Be careful if he needs care in the future that you are unable to provide, such as specialist nursing. If he has 50% assets and not enough other savings then you could be forced to sell. Maybe not, but please get professional advice!