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  • calcotti
    calcotti Online Community Member Posts: 10,001 Championing
    As referenced by Cher AgeUK have very detailed Fact Sheets dealing with all aspects of care and care funding.
    Age UK factsheets and information guides | Age UK
  • MarkM88
    MarkM88 Online Community Member Posts: 3,119 Connected
    woodbine said:
    lisathomas50 said:
    As long as you sign over whilst you have capacity  and don't receive any care in the seven year period  even on pension or benefits you have to pay a contribution  the money will still be used for care but you wouldn't have to to sell your house 
    You are confusing what you can gift cash wise, if you sign over your property it's a potential for all manner of problems, and could be seen as DOC
    I thought that was the case. 

    An older neighbour of mine years ago thought it would be better to sign her house over to her daughter and then the council got involved when it came to care and I’m sure it affected the outcome. 
  • chiarieds
    chiarieds Online Community Member Posts: 17,155 Championing
    With gifts, the 7 year 'rule' doesn't necessarily apply if it wouldn't have any relevance for Inheritance Tax in the future, i.e. if the monies you gift + your estate don't exceed £325k (currently). I know because I told my children they'd really have to look after me for 7 years after I was going to give them some monies, then was advised by my solicitor that this didn't apply! :o I 'think' they will still look after me tho, as I still have my uses. :)
    More info about care homes & deprivation of assets: https://helpandadvice.co.uk/avoiding-care-home-fees/#
  • MarkM88
    MarkM88 Online Community Member Posts: 3,119 Connected
    woodbine said:
    @MarkN88 A neighbour of my late parents some 10 years ago signed their property over to their daughter to avoid care charges (if they ever needed to go into a care home) three years later they had a monumental falling out and the daughter evicted them from "her" property.
    It has its dangers.
    Yes it’s a complicated area. 

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