House in Trust?

NigeWick

I have heard that it is possible to put one's house in a "trust" so that if I were to go doolally tap, the council couldn't sell it off for my care.

Does anybody know anything on this subject?

Nigel.

trafalgar_2

I believe you can but it won't make any differance because as of 2003,they can go back many years to see if you might of done this to avoid it being used for such purposes and can still count it as asset................towards your care costs.

One question though if you don't mind,is there some reason why it shouldn't be used to fund your care costs ?
not a criticism,just a query

NigeWick

trafalgar wrote:

One question though if you don't mind,is there some reason why it shouldn't be used to fund your care costs ?

I've consistently paid money into National Health and Taxes, why should I give up my home to pay care costs?

Nigel.

Middlers

I agree with Nigel. Those that have not saved but lived the high life and used their assets get the same care for free that the savers get. Why should we or our children be penalised in this way? As usual it is a case of us paying for them!

trafalgar_2

NigeWick wrote:

I've consistently paid money into National Health and Taxes, why should I give up my home to pay care costs?

Nigel.

thank you ,I just wondered that's all .

Paul_Varjak

NigeWick wrote:

I have heard that it is possible to put one's house in a "trust" so that if I were to go doolally tap, the council couldn't sell it off for my care.

Does anybody know anything on this subject?

Nigel.

I think the Council can apply the 'deprivation of assets' rule! Your best insurance policy is to have a partner who can still live in your property should you require care; in that case they cannot touch your home.

NigeWick

trafalgar wrote:

I just wondered that's all

No worries. To me, it could be a way of keeping my possessions in my possession

Nigel.

dirtbag_2

Paul
What happens if the property my husband and I live in is in my name only and I go doolally and need care?? Can my husband stay in our home even though he does not own any of it??
Thanks in advance.

trafalgar_2

dirtbag wrote:

Paul
What happens if the property my husband and I live in is in my name only and I go doolally and need care?? Can my husband stay in our home even though he does not own any of it??
Thanks in advance.

yes,your husband can remain and it will not be counted ,




also any child under 16 that you have financial responsibility for
or any relative or 60
or a relative under 60 if 'incapacitated'

Paul_Varjak

Dirtbag:

Ownership of the home is not taken into account. My stepfather was sole owner of the marital home when he went into care. My mum lived in the marital home until he died and did not pay a penny for his care!

The following link is on the https://www.nhfa.co.uk website:

Is the value of my home taken into account?

valerieshoukry

My elderly parents have slogged all their lives and watched every penny to own their own home- they didn't inherit/ win/ steal anything to help them. They have paid their NI and tax- how dare the government threaten them with the loss of their one major asset should they need special help, just when they are at their most vulnerable? I agree with the previous contributors- spend, spend, spend is the only way to get the healthcare to which you are entitled!