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Transfer of title deeds
Comments
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SevenOfNine wrote: »Personally, that's an opinion I couldn't give a fig about. I for one get awfully fed up of being one of those who works hard, pays into private pension, saves, purchased my own home, paid my tax and NI from the age of 15 when I first started work, lived frugally when necessary........whilst watching bone idle scroungers continue getting everything for nothing right up to the day they die - & that includes their care home costs. It doesn't pay to think about looking after your own old age in this country, best to have nothing.
Yes, some people haven't been so fortunate through no fault of their own, but many others have made living off the taxes of others their life's mission.
OP - It's already been pointed out, what if the house is transferred to you and you die before parents? Or what if you get divorced? These factors are in addition to all the other pitfalls you face in trying to protect your parents assets. Doubt you'll find a 'workable' solution I'm afraid, good luck.
Your comment on my point is somewhat short-sighted. As you say, you worked hard and paid your taxes. However, some of those taxes will have gone to support elderly people who have 'signed over' their houses to offspring to avoid fees.Member #14 of SKI-ers club
Words, words, they're all we have to go by!.
(Pity they are mangled by this autocorrect!)0 -
pollypenny wrote: »Your comment on my point is somewhat short-sighted. As you say, you worked hard and paid your taxes. However, some of those taxes will have gone to support elderly people who have 'signed over' their houses to offspring to avoid fees.
Not short sighted at all, good for them & I'm not unhappy about that in the least. Why should they have to sell their home to pay for care (and/or part with the bulk of their savings perhaps), when those who have nothing pay nothing......as usual, & the rest of us pay it for them.
Why would I be unhappy about 'chipping in' towards the care of someone who has probably spent a lot of their life 'chipping in' themselves. It's 'chipping in' for those who haven't 'chipped in' themselves I resent.
Pay in all your life and get back NOTHING, pay nothing in all your life and get back EVERYTHING!
PS As member no. #14 of SKI-ers Club I'd have thought you'd know all about spending what you've got now, so will you expect the state to fund your care?Seen it all, done it all, can't remember most of it.0 -
Spending kids inheritance means we would pay for any care we need.
A few holidays etc does not mean we are blowing everything we have. We still pay a fair amount of tax anyway.
My father was self-funding. It gave him dignity, even though his capital was going down rapidly.
BTW: where would you draw the line? Should someone worth £1,000,000 not have to pay?Member #14 of SKI-ers club
Words, words, they're all we have to go by!.
(Pity they are mangled by this autocorrect!)0 -
Having money gives you choices, so there is a point to saving for your retirement.
Not having money means less choice.
And for all the bluster about 'layabouts getting everything for nothing', have you actually noticed the level of benefits payments, and would you like to have to live on them? I certainly wouldn't.Retired in 2015.
Moved to Ireland September 20170 -
Having money gives you choices, so there is a point to saving for your retirement.
Not having money means less choice.
And for all the bluster about 'layabouts getting everything for nothing', have you actually noticed the level of benefits payments, and would you like to have to live on them? I certainly wouldn't.
I agree with this, and with pollypenny above.
It seems that SevenofNine has misunderstand the reasoning behind SKI-ing (spending kids' inheritance). My take on it is that whatever we have is primarily for us to enjoy or for our choice and comfort, whatever we decide on or whatever we need. If there's anything left when we're gone then those left behind can do what they like with it, if there's anything left, but if there is not, well, so be it. We are not about to wriggle and squiggle, go through all kinds of complicated legal arrangements (which are not free of charge, by the way) in order to spend our final years living in a house which no longer belongs to us.
'Those who have nothing, pay nothing...' yes, and as happened to some of my ancestors, end their days in a workhouse infirmary. Is that what you'd prefer to happen? Many of my family 'had nothing' because they did low-paid jobs and had no savings. My grandad couldn't afford to pay for my granny's funeral. 'Get that bairn insured' he is said to have growled at my mother. In fact, neither DH nor I was able to save much during the course of a long working life and doing responsible, although not well-paid, jobs. We've saved more since retirement than we ever did before, but what we are saving for is ourselves.[FONT=Times New Roman, serif]Æ[/FONT]r ic wisdom funde, [FONT=Times New Roman, serif]æ[/FONT]r wear[FONT=Times New Roman, serif]ð[/FONT] ic eald.
Before I found wisdom, I became old.0 -
Many of my family 'had nothing' because they did low-paid jobs and had no savings..................
....I'm smiling because I have no idea what's going on ...:)
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pollypenny wrote: »BTW: where would you draw the line? Should someone worth £1,000,000 not have to pay?
They wouldn't have to pay for hospital care, unless they chose to go private.
My mum was in residential care for a year and then in a nursing home for another 5 years. She was far from being a millionaire but was expected to pay full fees even though she was seriously ill. Other people in the same home and receiving the same level of care paid nothing at all. Some of them may have had little or no savings through no fault of their own but I doubt that was the case for all of them.3 stone down, 3 more to go0 -
If she was receiving nursing care that should have been free - people have been wrongly charged for that aspect of their care.
I'm sure I've seem a link about have to claim back, but there are solicitors who can advice.Member #14 of SKI-ers club
Words, words, they're all we have to go by!.
(Pity they are mangled by this autocorrect!)0 -
pollypenny wrote: »where would you draw the line? Should someone worth £1,000,000 not have to pay?
I wouldn't "draw the line" at any point, if the Alan Sugar wanted to access 'free' care, I wouldn't whinge..
Equally, I wouldn't draw a line for anyone to be able to access the NHS or state education for their children should they so choose (as a couple of examples).
Who am I to decide a where to "draw the line".......Zero, 5K, 15k, 30k, 100k, 500k, a million. Is there even a 'fair' line, or is it only 'fair' as long as it doesn't negatively affect oneself? Far too many lines have been drawn which don't seem fair for someone or other.
Don't you think it's sad that a 'newbie' comes here to ask for advice, yet you limited yourself to criticism and the word "cheek", when no comment at all might have been more appropriate on that occasion.:(:(
Seen it all, done it all, can't remember most of it.0 -
There's a big difference between hospital care, via the NHS, education at all levels and paying for a residential/nursing home in old age.
If one can afford to pay, one pays: not expect other tax payers to pay for their children to inherit.
If Mr Smith moves from Acacia Drive to Lime Grove does he keep Acacia Drive or sign it over to kids?
From a practical point of view being self-funding means a choice of homes.Member #14 of SKI-ers club
Words, words, they're all we have to go by!.
(Pity they are mangled by this autocorrect!)0
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