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General Discussion

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User 4549
User 4549
07 Jul 2012 12:40

I see the government are delaying changes re; Forcing you to sell your property to pay for residential care, thus stopping your children getting the inheritance that your parents may wish you to have.

There is a way of avoiding that situation, you need to complete a TR1 form, in other words you make a gift of the property to your children, no money changes hands and a written in clause states they can do nothing with said property until your demise.

http://www.landregistry.gov.uk/_media/downloads/forms/TR1.pdf

Just a thought it may be of interest to some people.

Nelson
Nelson
07 Jul 2012 16:54

Thanks for that. I'll also let Jimmy Carr know via Twitter. yes

User 4549
User 4549
07 Jul 2012 16:57

Is that supposed to be funny or your usual twitter

Nelson
Nelson
07 Jul 2012 20:15

Oh totally serious, as per usual. Jimmy hasn't re-tweeted yet though. #legalbutunethicaltaxavoidanceschemes

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