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Old 13-01-17, 09:07 PM   #906
Trev B
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Join Date: Aug 2013
Posts: 283
Default Re: The All new Reeder Megathread

Don't know if this could be of any use to you.Last year I went to my solicitor in the uk to see about getting around this having to sell the house should either of us have to go into a nursing home later in life.This is how it panned out. 1. Put it into our two children's names.Fine,but the taxman can say you did it to avoid paying for the care Or if your children get divorced their partners can claim 50% of your children's share. 2.Put it into a trust (no charges ) so that each of our halves are protected against sale of our property should we have to go into care.they can't make you Sell and the other half can live there until they need care or die,then they can claim the money AFTER you've died,BUT if we both have to go in we would have to sell. 3.Sell now and down size and enjoy the rest,4.Sell now and rent and put the money under the mattress and enjoy it. He said number 2 was the best for us so did it,but keep all options open as the law can change and if it does it won't be in our favour.IMO go and have a word with someone who can give professional advice !!!
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