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Family home dilemma

(159 Posts)
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Plumcushion Sun 17-Feb-19 07:47:24

Hoping someone will know the answer to this.
My dad, as sole owner of his house, signed over his house to me and my brother over 2 years ago. He was in good health and of sound mind. The deeds are now in DB and my names jointly.
Dad has now got early dementia and it looks like a care home will be his only option at some point in the future.
Are DB and I legally obliged to sell the house to pay for his care which will be roughly £1000 a week? Dad has some savings that will facilitate around 18 months care costs.
My brother is considering buying my share of the house from me and will live there with his family when Dad has left the property. But would that mean my brother may be liable for Dad’s care costs if a top up is needed?
Dad will be devastated to know the house he gifted to us was used for care costs when his aim was for one of us to live there someday. It’s a beautiful house and is very dear to our hearts.
Anyone know?

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notanan2 Mon 18-Feb-19 18:31:24

Its not a rule. There are always ppl who make other peoples problems about themselves and their own soap boxes. Its just not nice.

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maryeliza54 Mon 18-Feb-19 18:40:00

Absolutely ridiculous post notanan and FYI several of us posted our views on the overall system but only I get criticised. Why is that I wonder? Well as you well know your comments will not change my behaviour but do carry on wasting your time if you wish.

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mcem Mon 18-Feb-19 20:02:34

Ooooh! And when was that rule put in place?

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mcem Mon 18-Feb-19 20:04:59

ps Dire accusation there! It's just not nice!!!!
Really reaching the heights of intelligent debate/conversation.

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GrandmaPam Wed 20-Feb-19 11:16:58

I think it used to be that provided the home was 'gifted' more than 7 years prior to this kind of situation, it was safe. However, that may have changed anyway for the reason stated - its hard to think that the state would pay for the care when the family are sitting on the assets. Its a tough one, but definitely get legal advice asap

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M0nica Wed 20-Feb-19 20:10:33

Alittlemadam I am sorry to have to inform you that putting a house into trust does not mean that it cannot be taken into account when calculating care fees www.moneywise.co.uk/news/2018-01-22/legal-warning-over-trusts-promise-to-beat-care-home-fees

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GillT57 Wed 20-Feb-19 23:05:01

If a person takes steps to avoid paying full private care home fees they are asking me, the tax payer to fund their children's inheritance.

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M0nica Thu 21-Feb-19 00:22:32

GillT57, exactly. One of the reasons why I am more than happy to pay for my own care should I need it.

Trying to wriggle out of paying it could be seen as a form of tax evasion.

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