I've just started the process of setting up tennants in common, doing it online so now waiting to get completed papers back and its signed and sealed. My question is with tennants in common, in the future could I sell my house and downsize to a flat, so I could then pay for my hubby's carehome fees monthly from his half share of money saved from the sale, instead of the LA deferring the payments and then taking the payments PLUS interest and administration fees when I pass away, from hubby's half share of the property.
Is it better to pay as you go IF YOU CAN or have LA funding which is deferred payment. We are below the £14,000 savings amount.hubby not in permanent care home yet but could be in next few months. Pay now or pay later.
Is it better to pay as you go IF YOU CAN or have LA funding which is deferred payment. We are below the £14,000 savings amount.hubby not in permanent care home yet but could be in next few months. Pay now or pay later.