#81
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I have a lot of sympathy with that view.
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#82
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You are dead right 😱
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#83
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Is this an option only for the rich, or can anyone do this?
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#84
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Unless you're a millionaire, of course. |
#85
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Currently, anyone. I took advice on this last year, and apparently up to one half of your estate can be protected in this way. I was also told that legal eagles don't want to know the real reason why you want to do it, as although not illegal it is recognised as a way of side stepping an element social care costs.
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#86
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Tenants in common rather than joint owners. Its sometimes used to beat the Inheritance tax. That way a husband and wife own half each, the state could not take more than the share of the owner since that is 100k which is the limit nothing could be taken. When that person dies his/hers beneficeries get the value of that half share, prolly your kids. The remaining elderly partner now owns only half 100k, the limit so safe from being taken. Does that make sense? |
#87
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Does anyone know this stuff. |
#88
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Absolutely, the first time I go upstairs and can't remember what I went up for I'm off to Switzerland.
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#89
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Quote:
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#90
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Anyone can do it but its not plain sailing you are no longer the owner of your estate and you may find your needs don't match those of the beneficaries of the trust.
I assume they usually work out ok but I do know someone that regrets it. |
#91
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I reckon a heroin overdose will do the trick.
__________________
Salt Peanuts! Salt Peanuts! |
#92
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My old man would top himself if he thought all he'd worked for would be going to some care home instead of the kids.
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#93
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Better not risk attending the Palace Beer Festival then.
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#94
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And what about their joint savings? Say they had £40k in the bank and his care cost £200K....do the govt take all the savings and then wait for the outstanding £160K from the house sale? Or do they take £20k when he dies, leaving her with half the savings? I can see this becoming a huge administrative mess....they've already shown that they're failing to collect the student university loans from large numbers. |
#95
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Could sell your home and pile the money into shares in Care Home companies like Agincare who's CEO is a Tory party donor or Castlemead Ltd who Philip Hammond is a director for.
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#96
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If the kids look after him when he needs them to then there is no issue...
__________________
That statement is either so deep it it would take a lifetime to fully comprehend every particle of its meaning, or it is a load of absolute tosh. |
#97
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Presumably when you get there you'll buy an enormous Toblerone and come straight home mumbling about why you went to ******* Switzerland in the first place.
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Splitter. Cricket wanker. |
#98
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There must be something in the manifesto they're trying to make us overloook.
__________________
Salt Peanuts! Salt Peanuts! |
#99
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The new poll tax - I predict a riot
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Once an Eagle, always an Eagle. |
#100
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Trouble is you won't remember where your passport is!
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