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hammer205
9:26 Tue May 30
Re: Transferring a house
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I'd see a solicitor
Edwards Duthie in Wanstead
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Brucies_Star_Prize
9:08 Tue May 30
Re: Transferring a house
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She can transfer all of her assets to you then take out a 7-year insurance policy which covers any potential inheritance tax liability. Not sure about social care but I'm sure you coudl find a product which covers that as well.
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joe royal
8:55 Tue May 30
Re: Transferring a house
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If she transfers it and lives for 7 years then you pay no inheritance tax.
No idea about the other stuff apart from it's cheaper to live on a cruise boat than pay for care.
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Coffee
8:41 Tue May 30
Re: Transferring a house
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Another thing. If you want to apply for state support for your Mum in care, be very careful about what financial transactions are shown. They will go through all your Mum's accounts and financial dealings, going back some time, and will look for any signs of transferring money to someone else (you, in this case). Also there will be tax implications for you.
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Trevor B
8:40 Tue May 30
Re: Transferring a house
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Look after your Mum, after all she spent many years wiping your arse.
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Coffee
8:38 Tue May 30
Re: Transferring a house
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Yes, those buy and rent it back are a scam. Or at the very least they're a rip-off.
Been going through similar in recent years and it's far from easy. Going into a care home is horribly expensive. Read and learn as much as you can about the subject, then see what your options are according to your circumstances.
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