I purchased my mother’s home some years back and she has a right of residence for the rest of her life ( she is in her early 70s and in good health. She is divorced for many years). I am married but I purchased my mothers home in my name only and I fully funded the purchase. There is no mortgage on the property.
My husband is in some financial difficulty which has affected our marriage and I am looking for advice on ensuring my mothers home is protected from any impacts from my marriage. My husband had no financial involvement in the purchase of my mothers home.
Is there is any action I can take to protect my mother home, which is my property but she has right of residence. I also need to consider the best scenario should my mother require nursing home support in the future, as I would be using the property to help facilitate this.
Any advice would be much appreciated. I’m not sure if this is the right forum as there are a number of areas to consider - tax, legal protection in the event of a separation or divorce and nursing-home support In the futures
My husband is in some financial difficulty which has affected our marriage and I am looking for advice on ensuring my mothers home is protected from any impacts from my marriage. My husband had no financial involvement in the purchase of my mothers home.
Is there is any action I can take to protect my mother home, which is my property but she has right of residence. I also need to consider the best scenario should my mother require nursing home support in the future, as I would be using the property to help facilitate this.
Any advice would be much appreciated. I’m not sure if this is the right forum as there are a number of areas to consider - tax, legal protection in the event of a separation or divorce and nursing-home support In the futures