Giving The House To The Children

[grandpajoe]

What are the implications of "giving" the house to our three children and carrying on living in it?? Has anyone done this?? Cheers Chris

[Peter Pedant]

well yeah DB
sure thing - do be sure to point out when I get things wrong in equity ....

[ubasses]

Have a read of this, link. The last paragraph sums it up.
http://www.clivebarwell.co.uk/trusts-to-avoid-care-home-fees/

Hope it helps.

[Peter Pedant]

oops thanks ubasses
how are you ?

[Peter Pedant]

// It's worth bearing in mind that no sane person would do something if the outcome hinged on your legal advice.//

thank you

a very welcome wealth warning

[ubasses]

I am fine Peter, getting used to the new site.

[grandpajoe]

Thank you all very much for your input. Chris