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Kieron Allsop
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Forum Member
Total Posts: 4 Joined: 11 Jun 07 Member #33
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I have heard that it is a good idea to sign ownership of the family home over to your children ten years before you think you might need to go into nursing or residential care. This is a long way off for me, but I am thinking more of my parents and me as their son.
If they signed their house over to me now and then in 12 years they went into a home am I correct in saying that the house value wouldnt be taken into account when net worth is being determined?
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robinsy
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Forum Member
Total Posts: 3 Joined: 13 Jun 07 Member #56
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You best bet is to speak to a solicitor, i'm an IFA, and signing over family home is an extremely complicated situation....I'd contact a local solicitor for some guidance...
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