How to protect my property being sold to pay care home fees if needed.

bobster2

boingy said:

Stubod said:

Rexey said:

Hi I am looking at how to protect our hard earnt money from being taken by the government if as we get older we need to go into a care home.   I have read to protect my childrens inheritance I can add them to our property as tenants in common - is this the best way to do this.

..no reply from the OP..must have gone to ground ???

Hardly surprising given the "pile on" mob we always see to this sort of question. Sometimes this is not a very welcoming forum imo.

OP could have just been trolling - i.e. someone who knows how strongly many forum contributors feel about this and wanted to stir up a reaction!

sheramber

caro69 said:

Sea_Shell said:

caro69 said:

poseidon1 said:

Stubod said:

Rexey said:

Hi I am looking at how to protect our hard earnt money from being taken by the government if as we get older we need to go into a care home.   I have read to protect my childrens inheritance I can add them to our property as tenants in common - is this the best way to do this.

..no reply from the OP..must have gone to ground ???

Unsurprisingly, newbies seem to be under the mistaken impression that their odd views re who should be  financing their care home fees would find a sympathetic ear on MSE forums. 

Can be a bit of a shock to the system, when they find this to be very far from the case. As is often the case, this will probably be the first and last time we will hear from this particular OP.

I'm confused here.  I popped on to this forum because when hubbie and I contacted our solicitor to update our wills he suggested a property trust be put in our wills to protect our children should either of us re-marry and also to protect half the house should we go into a care home.  I really don't get why this board is so against what appears to me to be very reasonable advice from a reputable solicitor.  I must be missing something here surely?

It boils down to...Who do you think should pay for your care, if you don't?

I will pay for my own care!  

How much money do you have?

If you have enough money to pay for your care the house wouldn’t need to be sold to pay for it. 

Skiddaw1

bobster2 said:

boingy said:

Stubod said:

Rexey said:

Hi I am looking at how to protect our hard earnt money from being taken by the government if as we get older we need to go into a care home.   I have read to protect my childrens inheritance I can add them to our property as tenants in common - is this the best way to do this.

..no reply from the OP..must have gone to ground ???

Hardly surprising given the "pile on" mob we always see to this sort of question. Sometimes this is not a very welcoming forum imo.

OP could have just been trolling - i.e. someone who knows how strongly many forum contributors feel about this and wanted to stir up a reaction!

Have to say I immediately assumed that was the case.