Giving it all away to avoid care costs

BobQ

SallyG wrote: »

What about the increasingly common situation where grown up kids are back in the maternal home out of necessity after marriage breakdown/business failure/redundancy/mortgage default - no other home to go to - if the parent/s need eventually to go into a care home where does that leave the adult offspring who rely on the maternal home for a roof over their heads?

An adult is expected to fend for themselves.

Unless the person has reason to expect to go into a care home, they can still gift part of a property to someone else. If they gift it to a close relative living there in many cases that will be enough to delay or prevent the need for a care home. The longer that elapses after the gift the more unlikely it is that it will be seen as deprivation of assets. In those situations a LA is not likely to push for the house to be sold but instead seek to place a charge on the property to the value of the share owned by the care home resident.