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Finding a solicitor
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Starbrite
Posts: 960 Forumite


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!
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Comments
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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.0 -
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.0
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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.
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Keep_pedalling 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.Trust was a loose comment, starting to look into it all as my mum is slowly taking a turn for the worseAspiring to be financially independent.... from my parents!0
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Starbrite said:Keep_pedalling 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.Trust was a loose comment, starting to look into it all as my mum is slowly taking a turn for the worseWhat you are suggesting would be investigated by the council as depravation of assets2
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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.2 -
marcia_ said:Starbrite said:Keep_pedalling 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.Trust was a loose comment, starting to look into it all as my mum is slowly taking a turn for the worseWhat you are suggesting would be investigated by the council as depravation of assetsMy 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!0
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I would suggest you look up deliberate deprivation of assets.0
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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.0 -
Starbrite said:marcia_ said:Starbrite said:Keep_pedalling 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.Trust was a loose comment, starting to look into it all as my mum is slowly taking a turn for the worseWhat you are suggesting would be investigated by the council as depravation of assetsMy 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 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?2
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