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Original poster

Getting older

2 replies

Jenny8022 · 02/02/2025 08:46

My husband and I are both in our 50s.. We are 6 years away from owning our house. Son is 18. Ideally would like him to inherit the family home eventually.... I'm worried if one of us needs to go into a care home how would it be financed? I heard you can put the house in trust to protect the house but I'm not sure how it works.. Can anyone give advice? Thx

OP posts:
wwyd2021medicine · 02/02/2025 08:52

We are all falling over ourselves to pay your care home fees.
And I'm sure no one else wants their children to inherit their property.
🙄🙄🙄

Harassedevictee · 02/02/2025 08:58

Jenny8022 · 02/02/2025 08:46

My husband and I are both in our 50s.. We are 6 years away from owning our house. Son is 18. Ideally would like him to inherit the family home eventually.... I'm worried if one of us needs to go into a care home how would it be financed? I heard you can put the house in trust to protect the house but I'm not sure how it works.. Can anyone give advice? Thx

The only option I know is to own the house as tenants in common and write wills leaving your 50% to your DC and a lifetime interest for your DH. Make sure you set out that DH can downsize etc.

You need a STEP solicitor to make sure you understand pros and cons.

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