Should I transfer my house to my kids?

Should I transfer my house to my kids?

To answer this question you need to first answer the question: Why you want to transfer your property to your children? Care Home Fees Commonly people want to transfer their property to their children to escape their potential liability to meet care home fees. Unfortunately, I am sorry to say, there is nothing you can do to protect your assets from care home fees. The care home fee rules are regulated under a document called the Charging for...

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Care Home Fees: Disregarded Property

Care Home Fees: Disregarded Property

So what items will the Local Authority disregard when assessing my liability to meet the cost of my care? 1. Property in specified circumstances 2. The surrender value of any:                           life insurance policy; and/or                           annuity 3. Payments of training bonus up to £200 4. Payments in kind from a charity 5. Any personal possession such as paintings or antiques...

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