Ask a Law Question, Get an Answer ASAP!
Good afternoon. I will assist with your question - be aware this is an email not chat service therefore i maybe delayed in replying.
for background -
who will be your beneficaries?
who's name on the mortgage?
who will pay the mortgage?
thank you - I have client at moment but will call asap - if this is ok please reply to this as then i know you are waiting -
I tried to call at four p.m. but there was no answer.
If you own a house with someone else and you have to go into a nursing home, you should immediately sever the joint tenancy because that ring fences your half of the property in the event that your co-owner dies.
If you don’t understand how to do that, please let me know and I will point you in the right direction.
If the houses tenants in common (joint tenancy severed) then only your half of the house is at risk to pay for care fees.
In respect of your half of the house, it does not normally get taken into account if it is still occupied by:
A partner or spouse provided you have been together for at least 12 months,
a divorced spouse or partner if they are a single parent with a child under 18
a relative aged over 60
or a child of yours under 18:
a little reading from Age UK: https://www.ageuk.org.uk/information-advice/care/paying-for-care/paying-for-a-care-home/do-i-have-to-sell-my-home-to-pay-for-care/
I was waiting for you to let me know that you are available. I can call now