We are now in our late seventies and have been thinking of downsizing from our large house for some time. There is too much work and maintenance involved. We want to act now, and gift the house, properly, through a solicitor, to our children (as in our Wills), now, as our daughter, having separated from her partner, needs capital to buy another house. Our son however, who is in better financial circumstances, would use his share, probably with some additional money of his wife's, to buy a different property which could be rented out for income or used as a holiday home.
Both my husband and I are currently in good health and as our previous JustAnswer solicitor (Thomas) advised us, could get a GP's declaration to that effect.
Are you now saying that, should something unforeseen happen in the future to me or my spouse, which necessitated admission to a care home, that the care home would have the legal right to demand that our son and our daughter sell or mortgage the houses they bought using their shares of the capital from our current home, in order to fund the care?
This is rather different from what Thomas said. So I am rather confused. Could you pass this follow-up question to him, if possible?