Buying a house in mothers name

[Grandad Gaz]

I have POA over all my mums affairs, who has been in a care home for 4 years with severe dementia.
After my dad died about a year ago, their house was sold to help finance her care.

Am I allowed to buy a house in her name using some of her money for the purchase?

Reason for asking; I have an opportunity to buy one in need of modernisation, something I have always enjoyed doing. I also feel I can add value to it, probably more so than the usual investments can do.
I will be happy to sell it on once finished.
Surely, I am allowed to invest it in a way I see fit? As long as it’s not all on black!

I am an only child and will inherit any money she has left.

Thanks

[uknick]

How will it benefit her by buying the house? I think that’s the overriding issue with any spend from her accounts.

[Saleen836]

Unless there is enough money in your mums account to pay her care home bills until they no longer need to be then surely buying a property in her name leaves it liable to be taken to pay care home fees?

[GliderRider]

uknick said:

How will it benefit her by buying the house? I think that’s the overriding issue with any spend from her accounts.

Perhaps by protecting the value of her estate by investing it where it may outstrip inflation?

The danger would be that if so much of her estate were invested in this one house that it would require its sale, or a loan against it, to provide for the OP's mother's care home fees.

[alscar]

As POA your legal obligation is only to do anything that is for the benefit of ( in this case ) your Mother and act only in her best interests.
As such difficult to see how you can use her money for property development.
Even assuming no one else - family or otherwise - is interested in what you do , I would urge extreme caution.

[eliot]

if you have to ask, then you know you probably shouldn’t

[Big Stevie]

I wouldn't even imagine that a POA for someone who is compos mentis but living in a care home, could put any of the estate in trust to a beneficiary. I'd guess that once that person is in a care home then any estate they have is within the grasp of the local authorities claws.