Quizzes & Puzzles1 min ago
Can I Sell My House To My Son To Avoid Nursing Home Fees. Thanks.
is this possible or am i wishfull thinking
Answers
Best Answer
No best answer has yet been selected by inafix. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.I can see gizmonster agree that the system, like any means tested system, can be seen as penalising thrift, providing you think it's good to be in relative poverty by age 75 and want to have no choice as regards a care home. But if I blow it all at age 60 and then don't need to go in a care home later on then i would kick myself if I had to live in relative poverty at age 75.
Also I'm not sure what you mean by "end up in a care home and end up getting screwed by the authorities".
Why would one be being screwed by the authorities?
Also I'm not sure what you mean by "end up in a care home and end up getting screwed by the authorities".
Why would one be being screwed by the authorities?
Sell it to him and then get him to rent it back to you at the going rate, then get yourself a big safe, have it securly installed into 'his' house then every week withdraw say £500 in cash from your bank and stick it in the safe, tell your son about this and when you die, the cash is his and nobody will know about it!
read about asset protetion trusts for free here
https:/ /www.la wskills .co.uk/ article s/2013/ 08/asse t-prote ction-t rusts-a ppropri ate-or- dangero us/
and then possibly see a solicitor
https:/
and then possibly see a solicitor
Related Questions
Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.