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sue515

Following, alisonslater1 we are in that exact same situation now, and whilst it is working wonderfully well with 2 separate living zones and plenty of privacy. We do still have the same worry for the future as to how to make a fair separation of funds after we are gone! I guess we need proper legal advice.

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Kat

I think it makes perfect sense for generations to buy together. The older person may be on their own, often feeling alone or lonely, the younger generation, often have young children and cannot get enough money together to get onto the property ladder, wasting money on rent. As long as it is set up correctly in the beginning with legal advice, I think it is the way to go for many, grandparent and grandchildren can form a close relationship and, if all play their part, a healthy functional multi-generational family is created

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berbieharmsen

We are in the process of building a granny flat for me under my middle daughter's house and extending their living area for them. My granny flat will be separated from them by a connecting door and so I will be able to have privacy and so will they if we want it. I am paying for my share but they have had to borrow for their share. If I had to pay to move into an old people's village it would cost me more and there are ongoing expenses there as well, not to mention that it is not what I want. My eldest and youngest daughters have no children and I can be useful by collecting my only grandson from school. You could say that I am spending their inheritance money on this granny flat but I am entitled to do that for my own comfort My middle daughter is prepared to look after me in my dotage and if I was to die on the day we moved in (or before that from the stress of the building), I believe that she is entitled to any increased value in her home just for offering, and my other two daughters are fine with that. I will leave whatever is remaining to be shared equally between the three girls.

   

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