Tenants in Common

Mojisola

lisyloo said:

I don't think you can deliberately deprive yourself of assets to avoid care fees.
You can certainly do this to avoid inheritance tax on second death though and it's a common thing to do.

This isn't deprivation because the person who leaves their share to someone other than their spouse isn't depriving themselves of anything - while they are alive, they still own the asset; after they die, they won't have a call on council funding for a care home.

Willsie01

tealady said:

Hi
I would watch last nights Martin Lewis show, it did touch on this subject.
However it can depend where in the UK you live as to who inherits if one of you dies without a will.

Never watched his tv show before. Would I find this on catchup?

shiny76

Willsie01 said:

tealady said:

Hi
I would watch last nights Martin Lewis show, it did touch on this subject.
However it can depend where in the UK you live as to who inherits if one of you dies without a will.

Never watched his tv show before. Would I find this on catchup?

https://www.itv.com/watch/the-martin-lewis-money-show-live/2a1827/2a1827a0141