tenants in common

[cynron]

I need some advice about becoming Tenants in Common. I believe that if a home is in joint ownership. husband and wife. If one dies and the remaining one is in a home all the money from the family home is liable to be considered for home care fees. Does anyone know if it is easy to change to t in c when you have a poa in place which is also registered with court of protection?

cynron

 

[Brucie]

I simply asked my solicitor - a family friend - to arrange the change when we had the EPA done.

I don't believe it is necessary to have the permission of the spouse to do it.

As far as I know, it is easily done - try ringing the Alzheimer's society Help line and ask for the legal person, who will take you through the relevant steps.

It was just so easily done!

 

[Norman]

It is a very simple procedure and has several advantages.
You do not need the permision of the spouse.
Our FA did the whole procedure for us
Norman

 

[cynron]

Thanks

Thanks to you both for your speedy replies.

Cynron

 

[yvonne j]

It is essential to do. By splitting to tennants in common, the wills of each can leave their share to children, so if A dies their share goes to children, not the surviving partner and so can not be taken into account for fees. My solicitor said I did have to get permission from the spouse. If you do not, then that makes it easier, but it is essential to do.