Joint Tenancy Implications for self funding

Lladro

Registered User
May 1, 2019
123
0
Can anyone help with a guide on self funding in relation to the property owned as joint tenancy please?
The care-needs financial requirements are of course means-tested - I understand this and I also understand that this relates to my partner's assets and also our joint assets, like bank accounts - but does this include the house?
Anyone have experience of this please?
If my wife has to go into long term care, will I have to sell the house?
 

nitram

Registered User
Apr 6, 2011
30,319
0
Bury
Whilst you remain resident in the house it will be disregarded in any financial assessment..
You will not have to sell the house.
 

nitram

Registered User
Apr 6, 2011
30,319
0
Bury
Type of joint ownership - joint tenants or tenancy in common does not matter.
As long as you remain resident the property will be disregarded.
 

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