Hi Zee … welcome to an extremely quiet forum as I type.
My immediate reaction is to seek expert advice on this right from the off … AGE UK :
Age UK | The UK's leading charity helping every older person who needs us
There are potential minefields that need to be explained to both you and your grandparents.
Ones that are immediately apparent :
Grandparents … capacity … safeguarding issues … what’s the present position ?
Housing … ownership … presumably your grandparents own their present abode … inheritence / potential moves into a care
home / how best structured given the individual contributions.
Caring … Alzheimers mentioned … CHC / NHS Continuing Healthcare as a practical alternative down the line … specialist care
needed … just how long before a move into a residential care / nursing home is the only alternative ???
You … potentially working and caring ( Carers Allowance … £ 66.15 per week … if you qualify ? ) … earning limit of £ 123 per
week if claiming CA as well … enough to live on ? That’s around £ 50 short of the official poverty line … without factoring in
housing costs !
( I assume that you have no intention of being paid by your grandparents for caring ? If so , that opens up a whole new can of
worms ! )
Housing Benefit … rent payable … ties in with the housing considerations … how best to structure if less than the " Going "
rate / taxation considerations if paid to grandparents.
( Online benefits and housing benefit calculators … try crunching some numbers through these to see the results !!! )
Benefits Calculator - entitledto - independent | accurate | reliable
Housing Benefit - Entitledto
All that and more … power of attorney / wills … to be bounced off AGE UK first ???
So many considerations even before you develope this idea further.
In addition , what life will YOU have outside of caring … and a lone carer at that ???
Given the reported condition of both grandparents , few on this forum could handle that without some considerable help
from the outside !
And , when the caring ends , what then … having been isolated from the outside world for X years … we know from our
experiences it’s not like shutting one door and just opening another.
Plenty to ponder on … others will be along to extend their welcomes and add their insight.
I suspect a few will advise … don’t … and explore the alternatives … getting more care to their grandparents.
Needs assessments spring to mind in either event :
Getting a social care needs assessment - NHS
Finances come into play here … what is the full sp on those ?
All benefits / allowances being claimed … council tax discount / disregard in place ?
AGE UK … if NOT under their radar already , highly recommended in any event.