safeguarding property

[nomadandy]

how do you go about handing over your house to your children , and still living there ,so as to not have to sell should you have to go into care at a later date

[dzug]

Basically you can't.

And you land them with later tax bills if you do.

If you SELL it to them at market price and then pay them a commercial rent to live there then it can't be sold for care home fees.

[luxury]

Hi nomadandy,

Have a read of the following links, they may be of some help in proptecting yourself and children.

http://www.berkshirelegalservices.co.uk/longte rmcare.html

Then the PPT Wills. Scroll down to Protective Property Trusts.

http://www.mattwalk.com/Content/faqs.asp

L.