Trusts

[tezestwing]

Is this legal ? to put your house into a trust so that if any thing should happen to the both of you and you have to go into a home or other costings.
Your trusted property can't be touched only what cash you have in the bank at the time.
Thanks for any information

[woofgang]

Is it legal? No idea
Will it help you to avoid care fees? Doubt it.
http://www.telegraph.co.uk/finance/personalfinance/insurance/longtermcare/10117822/Warning-over-care-home-trust-schemes-that-promise-to-protect-your-property.html

and

http://ageuk.org.uk/Documents/EN-GB/Factsheets/FS40_deprivation_of_assets_in_the_means_test_for_care_home_provision_fcs.pdf?dtrk=true

baseline is if you deliberately deprive yourself of an asset in order to limit your contribution to care fees, which, by your own admission is your intent, the council can make the assessment as though you still owned the asset.

[tezestwing]

Hi thanks woofgang I was only interested in this and not (intent of any admissions,) just looking for any info the ageuk site gave me lots of valuable info on this very emotive subject Thanks again Tez