MotionSickness
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Unfortunately, my father is ill and has received a poor prognosis. He is very anxious about simplifying his affairs to try to make the probate process easier for my mother and his 3 children.
My mother has Alzheimer's and some other medical issues, and my father is her primary carer. She's not too bad at this time, but can no longer cook for herself or be left alone in the house for more than an hour or two. She has not handled any practical affairs in several years. One of my siblings has stepped into a more active role in helping manage her medical care, but more handover will need to be done. The basic care and companionship is split between the three of us.
Their assets are pretty simple, their home (c. €1m) and about 300k split between cash and state savings certificates.
My father wants to know whether it would make sense to put the names of his children on the house deeds now. Would it make probate easier? All three of us are lucky enough to own our own homes.
The savings are in joint accounts for my parents, and they have a joint current account that bills are payed from. I believe this means my Mum would not lose access to money day-to-day during probate. We will need to work out putting some of us on her household bills so the utility companies will talk to us.
Wills and power of attorney are in place for both my parents. I am going through papers with my Dad to make sure we have birth certs, their marriage cert and so on.
Is there anything else that I can do to help ease his anxiety? I'd happily pay for an advisor of some sort, but we're not sure what we need. It's less a tax question, and more about handling the practicalities of what's to come. Any advice welcome.
My mother has Alzheimer's and some other medical issues, and my father is her primary carer. She's not too bad at this time, but can no longer cook for herself or be left alone in the house for more than an hour or two. She has not handled any practical affairs in several years. One of my siblings has stepped into a more active role in helping manage her medical care, but more handover will need to be done. The basic care and companionship is split between the three of us.
Their assets are pretty simple, their home (c. €1m) and about 300k split between cash and state savings certificates.
My father wants to know whether it would make sense to put the names of his children on the house deeds now. Would it make probate easier? All three of us are lucky enough to own our own homes.
The savings are in joint accounts for my parents, and they have a joint current account that bills are payed from. I believe this means my Mum would not lose access to money day-to-day during probate. We will need to work out putting some of us on her household bills so the utility companies will talk to us.
Wills and power of attorney are in place for both my parents. I am going through papers with my Dad to make sure we have birth certs, their marriage cert and so on.
Is there anything else that I can do to help ease his anxiety? I'd happily pay for an advisor of some sort, but we're not sure what we need. It's less a tax question, and more about handling the practicalities of what's to come. Any advice welcome.