Hello and thanks for using Just Answer.
My name is ***** ***** am happy to assist you with your enquiry.
You should contact a local Wills Solicitor who can prepare a Lasting Power of Attorney (LPA) for you both. This document grants another family memeber to look after your financial affairs in the event of you losing mental capacity. You can of course discuss matters with your Solicitor, but you may wish to appoint each other, or in the event of that not being practical, appoint 2 of your children to act as Attorneys. It would not be practiccal for you to appoint more than 2 of your children as Attorneys- all Attorneys have to sign any necessary paperwork, and you can appoint them "jointly" which means both of them have to decide/make decisions, which gives you more protection.
Unfortunately LPA's aren't tht cheap- probably £350 each, but they do save al lot of extra work, were you not to have one and you did ne
to deal with your husband's affairs at a future date for example.
As regards ***** ***** it is easier if the Deeds were in joint names, and from a Nursing home fee prospective, you can potentially "save" the Government from claiming the whole of the house if the survivor or both of you went into a home. This can be done, by holding the property as what we call "tenants in common" and you can sign a new Will leaving your respective 50% share to your children, as oposed to your spouse, with a proviso that your spouse be entitled to remain living in th ehouse for as long as he/she wishes. This means that if the surviving spouse ever needed to go into a Nursing home, the Governemtn can only treat him/her as owning half of the house when calculating what state help, if any, they are entitled to.
Again, your Wills Solicitor can discuss the above with you, and will also be able to deal with the transfer of the Deeds into joint names, via a Conveyancing Solicitor in his firm.
The Transfer and new Wills ar elikely to cost approximately £400 plus VAT and there will be a Land Registry fee of between £40-£80 depending on the value of your property.
I hope this assists and enables you to proceed. If you need a reputable Solicitor locally, you can go the Law Society website, and type in your postcode. Link-