As a 'tenant in common' what would happen regading paying fees if I or my husband had to go into care?
Province/Country relating to question : manchester
-Could you explain your situation a little more?
Please give me as much detail as possible.
I need a bit more information please. I am going off line shortly and will be on and off all day (experts on here are also practising lawyers) but will be back later (on and off) today when I will deal further once I have your reply.
We have been advised that changing from ';joint tenants' to 'tenants in common' would be advantageous should either be admitted to a care home. i.e. the property could not be sold to pay for fees. We have two daughters who would jointly own the property following oour deaths.
Thanks. It only ring fences half the property.
The idea is that if a joint tenant dies, it passes to the other. If that one is in care, the council can take all the money in it (apart from £23k).
If it has the Joint Tenancy severed, then the share of one who then dies passes in accordance with their will.
If one goes into care, the council cannot sell the house from under the survivor but they do put a finacial charge on the half belonging to the person in care.
Please press accept and I will clarify any points. The questioon will not close for follow ups. Thanks
PGD Law. 20 years legal profession, 6 as partner in High Street practice
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