Summary
Q Because of a situation relating to my husband's business we changed the ownership of our house into my name. We are thinking about re-writing our wills and wondered if we should put the house back into joint ownership? We want to avoid nursing home fees so that our children inherit the house.
A You could do both at the same time. You do need to make wills, since if you were to die without one it's possible that your husband may not receive the whole property under intestacy rules. It can be a good idea to own the house as tenants in common, with separate shares, since that way only half the property may be available for care fees provided your wills are drawn up appropriately.See the full content of this document
Extract
Issue On Home Ownership
RICHARD BATTRICK o...
See the full content of this document
Sponsored links
