Your home is probably the most valuable thing you own. You worked hard for it and it holds many precious memories.
It could be tempting to give it away or sell it to relatives cheaply so that you avoid having to sell it just to pay for care.
You could put your property into a Trust, usually for your children. This might seem like the perfect solution, but in practice it can be a bit of a minefield. Because you would no longer own the property, you could, in some cases, be in a difficult position later.
Katy Burgin, specialist wills and probate solicitor advises: “There are strict rules around deliberately trying to avoid care costs and you should be wary of any company that claims they can protect your home from being sold. These people will often charge you thousands of pounds for their services and may leave you with something that is worthless. Everyone’s circumstances are different and it is important that you get advice from experienced professionals.”
If you are at all concerned about your property or other assets, speak to our friendly team of experts. They can make sure your wishes are carried out, while helping you avoid all the pitfalls in gifting or transferring your property.
Home visits can be arranged if required.
Call 01302 320621
We are specialists in Trusts, Wills, Probate, Estate Administration, Lasting Power of Attorney.