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Hi, thank you for your question. Just a bit more information required to fully assist you:
-Are you in England or Wales?
-What type of tenancy is it?
-Is the property owned or rented?
Thank you for confirming. As the property is held as joint tenants, upon either of your deaths the whole property passes to the survivor. Properties held as joint tenants cannot be passed on in a will - if this is intended then the tenancy must be severed and changed to a tenancy in common.
If he were to go into a home then you would still hold a legal interest as you are named on the title of the property.
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Thanks. Please confirm:
-How old you are
-What the value of the property is
-What the outstanding mortgage is
Thank you for confirming. Jointly held property is slightly complex to assess but the guidance can be seen here:http://www.ageuk.org.uk/Documents/EN-GB/Factsheets/FS38_Treatment_of_property_in_the_means-test_for_permanent_care_home_provision_fcs.pdf?dtrk=true
However, if you were occupying the property when you are 60 years old and your father is admitted to a care home then the property will not get taken into account.