The idea of selling the family home to fund the cost of care has become a major concern for many elderly clients and their families. Clients are seeking ways to protect their family inheritance. The number of clients wanting to make a gift of their family home to their children in an attempt to avoid the need later to sell the home to fund care is on the increase.
It is vital that you take proper legal advice before making any gifts of property. We can help you to consider all of the options available before deciding on the best course of action.
Ellen Fay Solicitors can advise on the following;
- Pros and cons of making a gift
- The problems that may occur in making the gift
- The tax implications of making a gift
- Whether the gift should be made outright or into trust
- Deprivation rules
Ellen Fay Solicitors provide a free Guide for Clients Considering a Gift of the Family Home. Please phone us on 01772 722373 or request the guide via our website at Request Free Guide and we will email it to you. We offer a number of free guides, so please state which one you would like.