Hi
My parents are in a similar situation, looking to raise 100k (to buy a new boat!)and both in late 60s.
There seems to be a lot of discussion in this area, but very few saying they have completed the process.
Am I right in thinking that a remortgage from one or more of the children and a reworking of the will to reflect this, is the preferrable option to equity release like SHIP etc?
Are there any other financial considerations, eg their pension, everyone's tax, assuming the payments can be met by the kids?
Thanks