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Tenants In Common Or Joint Tenants?

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johnny37 | 12:25 Mon 26th Sep 2016 | Business & Finance
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apparently many people are changing their deeds to TIC to prevent the NHS from sequestering the whole property if one partner goes into long term care. Is that the only benefit? I find it hard to believe they are taking such draconian action.
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Avatar Image bednobs
it will depend on individual circumstances what the benefits/costs are. How is it draconian?
12:51 Mon 26th Sep 2016
Avatar Image bednobs
it will depend on individual circumstances what the benefits/costs are. How is it draconian?
12:52 Mon 26th Sep 2016
Avatar Image ubasses
The house has to be disregarded if a spouse is still living there.
This link may be able to help to make things clearer.
https://www.independentage.org/sites/default/files/2016-08/Factsheet-Paying-Care-home-fees.pdf
13:07 Mon 26th Sep 2016
Avatar Image Peter Pedant
sequester is hardly the right word
grab - perhaps

TIC - you can devise it by will to whomever you want ....
you can sever the jointure by a letter to the other joint holders
16:06 Mon 26th Sep 2016
Avatar Image bednobs
ps, the NHS never takes people's houses to pay for care (yet!). The NHS is free at the point of delivery
17:36 Mon 26th Sep 2016

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