Hi There
We changed our property deeds to TIC in 2009 and maybe before that.
At the time, my idea was to avoid IHT but that no longer is a problem.
I know when one of us dies, that 1/2 goes to our 2 kids, and surviving spouse has right to remain in house as long as he/she wants.
my questions are>>
1) if survivor needs to enter a nursing home, can they force the sale of house to gain fees from the spouse.
2) if the kids don't move into the house, does that make it any easier for the local council to chase funds.
3) if spouse (50%) and 2 kids (25% each) want/decide to sell house, will spouse then be made to pay.
We changed our property deeds to TIC in 2009 and maybe before that.
At the time, my idea was to avoid IHT but that no longer is a problem.
I know when one of us dies, that 1/2 goes to our 2 kids, and surviving spouse has right to remain in house as long as he/she wants.
my questions are>>
1) if survivor needs to enter a nursing home, can they force the sale of house to gain fees from the spouse.
2) if the kids don't move into the house, does that make it any easier for the local council to chase funds.
3) if spouse (50%) and 2 kids (25% each) want/decide to sell house, will spouse then be made to pay.