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Carers UK Forum • A clue about assets and trusts
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A clue about assets and trusts

Posted: Thu Feb 07, 2019 11:47 pm
by MrsAverage
I'm trying to build a better picture of what counts as Deprivation of Assets (to avoid care fees).

In one of this week's Ombudsmans cases a family home put into a Trust 12 years before care needs were identifed was not treated as being done to avoid fees.

For those really interested, the property was split between 4 family members. 1 died and her share was added to her husbands so when he needed care he was assessed as owning 50% of the property. The property was then valued lower than a readily saleable similar property and a deferred payment plan put in place so no sale was forced.