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Legal, pensions and money

Putting house in trust

(35 Posts)
Marydoll Sun 24-Feb-19 22:21:47

? I haven't mentioned a daughter.

We have been advised by a solicitor when updating our will, that if one of us was resident in a nursing home and the other partner died before the partner in the care home, then all the assets would be taken by the local authority to pay for fees.
Putting our house in a trust would protect our children's inheritance.
I feel that there is something immoral about avoiding fees, but on the other hand, I don't want my children to lose their inheritance.
It all seems very complicated.

Floradora9 Sun 24-Feb-19 22:19:39

If this to avoid paying for care home fees I think it will not work. We were almost persuaded to do so ( at a cost ) but when we looked into it it had flaws in the idea. DH also felt that if we needed care we should pay for it .

sodapop Sun 24-Feb-19 21:57:36

What about the Court of Protection if your daughter is a vulnerable adult.

oldgimmer1 Sun 24-Feb-19 21:55:15

If it protects your daughter's interests, then a sensible thing surely? As long as it's done right, obvs.

What do you and your DH disagree on?

Ngaio1 Sun 24-Feb-19 21:25:14

Depends on why? I am discussing whether to do this because my daughter has learning difficulties and could easily be conned out of it if there are no safeguards.

oldgimmer1 Sun 24-Feb-19 21:23:44

Why do you want to do this?

Apparently it's very complicated.

Hope you've got a good solicitor!

Marydoll Sun 24-Feb-19 20:37:20

Just not sure if it's a good thing. After much discussion DH and I disagree about it.

jeanie99 Sun 24-Feb-19 20:25:42

I am assuming you were doing this via a solicitor.
Anything you are unsure about with regards to your estate going into a trust should be discussed at length with your solicitor. Ask questions you are paying for good advice.

notanan2 Sat 23-Feb-19 00:25:13

In what way? You'll need to provide more details about this trust (if youre comfortable sharing) in order to get any sort of useful answers/opinions.

Marydoll Sat 23-Feb-19 00:09:30

When we were updating our will the other day, we were advised to put our house in trust.
I'm unsure whether this is a sensible thing to do.
Does anyone have experience of this? Your comments would be appreciated.