Family disagreement re Care Home funding - advice needed

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Postby Bill Ryan » Wed Apr 07, 2010 11:14 am

Nice bit of spamming from the last two posters! Are they connected?
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Re: Family disagreement re Care Home funding - advice needed

Postby jvalou » Thu Jun 09, 2011 12:36 pm

I had to help my friend's dad get answers and did find some good information online, through some big sites.
I have to say what made a real difference for me is to speak with a professional.
Many people think professional advice is expensive but not necessarily.
You have now some pretty neat sites that will allow life chat for free with professional IFAs.
My favorite is payingforcare (I didn't try any other yet :P ) it is quite amazing actually.
It is free, you can chat with a professional advisor and get answers to specific issues.

Just my little contribution, I hope this will help
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Re:

Postby Clifford Pope » Fri Jun 10, 2011 11:01 am

despair wrote:I hope your parents homes deeds are written at joint tenants in common




You are mixing up the two types of tenancy:

Joint tenants = each person owns whole property, so that if one dies, the other automatically "inherits" (as in already owns) the whole house.

Tenants in common = each person has a separate legal ownership of a half share. Each can be willed or gifted independently of the other.
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