transferring equity

[s.gornall@sk]

my mother is 83 years young and she wants to transfer her house owenership to me how long would i have to keep it before a care home could sell it.

 

[LDFerguson]

Re: transfering equity

Sorry - don't understand the question. If she transfers the house to you, you will then own it. The only person who can then sell it is you.

Perhaps you could elaborate on your query?

 

[mf1]

1. Where are you based. If anywhere other than Ireland ( i.e. this is an Irish board), its unlikely anyone can assist.

2. I think the query is if Mama gifts the house over to OP and Mama subsequently retires into a nursing home/care home, can that institution look behind a voluntary transfer of a principal asset in assessing charges for Mama? And if yes, is there a time limit after the transfer where they can't?

mf

 

[MOB]

There are various rules, but broadly speaking, there is a five year time limit.

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