samfarrell
Registered User
- Messages
- 78
I lived with my elderly MIL temporarily for a year while we decided what/where to buy/build. It wasn't the worst, but it wasn't ideal, TBH towards the end I couldn't wait to get my own place. She was ok from an independence viewpoint and managed to live at home for several years after we bought our own place.
When you say your wife can look after your MIL at home, what does this entail, what are your MIL's needs from a care point of view? I have a relative in a nursing home because the 24/7 needs cannot be met at home either by family or care workers and I understand how difficult it can be emotionally, physically and financially to do what is best for everyone.
The aspiration is to move in and be in a position financially to buy the other 2 sibling's shares in the future. You need to look at the figures involved. How much is your house worth? How much is the large house worth etc? Does your wife work outside the home? Will she survive on Carer's Allowance? What assets does your MIL have, can she gift/will any cash to your wife to help her acquire the house upon her passing?
The other siblings agree it would be a good idea to move in. From their point of view, Mother is not in a nursing home, but at the same time your wife is doing all the caring and they could sing a different tune when MIL passes. You don't want your wife to be shafted when they inherit their 1/3 shares.
My wifes grandmother left the main house to her daughter (my mother in law) as a life legatee and named her three grandchildren (one being my wife) to inherit the house equally.
Hi Sue
I am not sure that the house belongs to the MIL?
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