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JGM
JGM, Solicitor
Category: Law
Satisfied Customers: 11155
Experience:  30 years as a practising solicitor.
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The pay back from our daughter and son in law gift

Resolved Question:

The pay back from our daughter and son in law for the gift of the property will be the construction of an annex into which we will move in 5 years time when we retire completely. If we subsequently require care how will the property be viewed as possibly being used to offset care fees?
Submitted: 2 years ago.
Category: Law
Expert:  JGM replied 2 years ago.
Thank you for your question.
It won't be taken into account because the property is their home. The fact that you paid for it is irrelevant. The purpose of the gift wasn't to deprive yourself of assets to avoid paying care home fees. The purpose of the gift was to give them, and in due course, you a home to stay in.
Accordingly the transaction was for the better management of your affairs.
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