We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Finding a solicitor

Options
How do I find a solicitor to put my parent’s property into my brothers and mine name or a trust of some sort? 

Thanks 
Aspiring to be financially independent.... from my parents!
«1

Comments

  • elsien
    elsien Posts: 36,056 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 25 July 2023 at 6:24PM
    Before you start looking at trusts, you need to be clear on the reasons why they are looking at one. Because there is a minefield of misinformation out there and trusts may not achieve what people think they will.  For example, the avoidance of care home fees.

    I’m not saying that’s what you’re trying to do just giving it as an example. Either way it loses them all their security so it’s a big step to take. 


    All shall be well, and all shall be well, and all manner of things shall be well.

    Pedant alert - it's could have, not could of.
  • Keep_pedalling
    Keep_pedalling Posts: 20,859 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    If your parents are alive and it is still their home this is a really stupid idea and your parents would be foolish to go along with it.
  • Brie
    Brie Posts: 14,733 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    If you want to find a solicitor then you could start getting recommendations from friends/colleagues who have been through similar situations.  Get a few names and ring around to find out who might be able to help.

    But whether you should put the house in trust is quite a different matter.  
    I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions boards.  If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.

    Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board:  https://lemonfool.co.uk/financecalculators/soa.php

    Check your state pension on: Check your State Pension forecast - GOV.UK

    "Never retract, never explain, never apologise; get things done and let them howl.”  Nellie McClung
    ⭐️🏅😇
  • Starbrite
    Starbrite Posts: 960 Forumite
    Part of the Furniture 500 Posts Name Dropper Photogenic
    If your parents are alive and it is still their home this is a really stupid idea and your parents would be foolish to go along with it.
    How would you suggest protecting one’s inheritance from care home costs?! 

    Trust was a loose comment, starting to look into it all as my mum is slowly taking a turn for the worse 
    Aspiring to be financially independent.... from my parents!
  • marcia_
    marcia_ Posts: 3,412 Forumite
    Sixth Anniversary 1,000 Posts Photogenic Name Dropper
    Starbrite said:
    If your parents are alive and it is still their home this is a really stupid idea and your parents would be foolish to go along with it.
    How would you suggest protecting one’s inheritance from care home costs?! 

    Trust was a loose comment, starting to look into it all as my mum is slowly taking a turn for the worse 
     You prefer to protect your inheritance over providing your parents with the best care? 

     What you are suggesting would be investigated by the council as depravation of assets 
  • elsien
    elsien Posts: 36,056 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You don’t have an inheritance until they pass away.
     And if there are already signs that they may need residential care in the future, then you are definitely heading into deprivation of assets territory.
    Worst case scenario would be that they are treated as if they have the notional capital, ie the assets are still counted for assessment. Even if they are in a trust.
    All shall be well, and all shall be well, and all manner of things shall be well.

    Pedant alert - it's could have, not could of.
  • Starbrite
    Starbrite Posts: 960 Forumite
    Part of the Furniture 500 Posts Name Dropper Photogenic
    marcia_ said:
    Starbrite said:
    If your parents are alive and it is still their home this is a really stupid idea and your parents would be foolish to go along with it.
    How would you suggest protecting one’s inheritance from care home costs?! 

    Trust was a loose comment, starting to look into it all as my mum is slowly taking a turn for the worse 
     You prefer to protect your inheritance over providing your parents with the best care? 

     What you are suggesting would be investigated by the council as depravation of assets 
    Tbh I know nothing about any of this, all I know is my mum owns her home and when she’s passes wherever that is and I mean this nicely I hope to live there and free up the council flat I have for someone else to have

    My brother is disabled and is also in a council flat. 

    I would go out and buy my own home but that is impossible due to the cost of them! 

    Who knows if my mum will need a care home or do what everyone else in my family has done and drop down dead! 
    Aspiring to be financially independent.... from my parents!
  • Keep_pedalling
    Keep_pedalling Posts: 20,859 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    I would suggest you look up deliberate deprivation of assets. 
  • Emmia
    Emmia Posts: 5,661 Forumite
    Fifth Anniversary 1,000 Posts Photogenic Name Dropper
    Your mum's assets in the form of property, cash etc. should first and foremost be spent on her care. 

    Anything left over may come to you under the terms of her will if she has one, or intestacy rules, after her death.
  • sheramber
    sheramber Posts: 22,537 Forumite
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    Starbrite said:
    marcia_ said:
    Starbrite said:
    If your parents are alive and it is still their home this is a really stupid idea and your parents would be foolish to go along with it.
    How would you suggest protecting one’s inheritance from care home costs?! 

    Trust was a loose comment, starting to look into it all as my mum is slowly taking a turn for the worse 
     You prefer to protect your inheritance over providing your parents with the best care? 

     What you are suggesting would be investigated by the council as depravation of assets 
    Tbh I know nothing about any of this, all I know is my mum owns her home and when she’s passes wherever that is and I mean this nicely I hope to live there and free up the council flat I have for someone else to have

    My brother is disabled and is also in a council flat. 

    I would go out and buy my own home but that is impossible due to the cost of them! 

    Who knows if my mum will need a care home or do what everyone else in my family has done and drop down dead! 
    if she doesn't need care then there is no need to transfer the house as she can pass it to you in her will. You will then be able to move  in and free up your council property just the same.

    If she does need care then do you not want her to have the best care she can afford?

      Relying on council funded care can mean  care home miles away from where you live if that is the only place available  and  no extras or little luxuries that a self funding person might get.

    If the council consider the transfer was avoid care home fees they will assess her as still having the value of the house and will not fund her care. It would then fall  to whoever owns the house to pay the fee. 

    What is more important - your mother getting the best care she needs if required  or you having her house? 
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 599K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.