Jump to content


Photo

Property Into Trust


  • Please log in to reply
8 replies to this topic

#1 Truly Skint

Truly Skint

    Member

  • 102 posts
  • Gender:Male
  • Location:Stourbridge

Posted 17 September 2019 - 07:43 PM

Hello all, is there anyone on the forum who knows anything about putting property into Trust?

 

I know that you can protect 50% of your property value in the case of you having to go into care in your latter years however I'm sure that there is a way of protecting 100% of it if you create a property trust

 

Does anyone have experience of this and how does it work?

 

Thanks in advance

Mike



#2 NickB787

NickB787

    Gone but not forgotten

  • 7,763 posts
  • Gender:Male
  • Location:Bedford

Posted 18 September 2019 - 05:04 AM

Yes correct you can protect 100% of your entire estate.




Leave the country before you die, preferably 5 tax years before.

If Labour get in this country is stuffed, you will not have anything to protect from them, they will have it all.

Ps I am in Australia 🇦🇺😂

Edited by NickB787, 18 September 2019 - 05:08 AM.


#3 SteveA

SteveA

    .

  • PipPipPipPipPipPipPip
  • 9,102 posts
  • Gender:Male
  • Location:North East UK

Posted 18 September 2019 - 07:53 AM

If Labour get in this country is stuffed,

 

Well the rich part is anyway :lol:



#4 MWS

MWS

    Need to get Out More

  • PipPipPipPip
  • 1,221 posts
  • Gender:Male
  • Location:Manchester
  • Interests:Football - Stockport County & VFB Stuttgart
    Cars - VX220s
    Basketball - Miami Heat

Posted 18 September 2019 - 01:06 PM

Wasn't there legislation created to stop people moving assets to other people for this very reason?

 

I might be mistaken but i'm sure i read that somewhere......



#5 fiveoclock

fiveoclock

    Whipping Boy

  • 9,371 posts
  • Gender:Male
  • Location:Ifold, West Sussex

Posted 18 September 2019 - 05:08 PM


If Labour get in this country is stuffed,


Well the rich part is anyway :lol:

Only problem is that Labours assessment of rich is not the same as in the real world and wouldn't take into account what that person sacrificed to become "rich" or how hard they worked to achieve it

#6 slindborg

slindborg

    The Bishop of Stortford

  • PipPipPipPipPipPipPipPip
  • 22,545 posts
  • Gender:Not Telling
  • Location:.

Posted 19 September 2019 - 07:18 AM

 

 

If Labour get in this country is stuffed,


Well the rich part is anyway :lol:

Only problem is that Labours assessment of rich is not the same as in the real world and wouldn't take into account what that person sacrificed to become "rich" or how hard they worked to achieve it

 

 

Indeed, your "average" labour supporter/advocate classes "rich" as earning more than £40K and paying off a loan on a house :lol:

 



#7 alanwetherall

alanwetherall

    Member

  • 114 posts
  • Gender:Male
  • Location:Corby
  • Interests:Playing Tennis, watching TV car programes, enjoying my retiremnet

Posted 19 September 2019 - 09:25 AM

We have left our house in trust to our two children, basically to stop the council taken it off us when we go ga ga,, pm me and i will explain how it works, its not cheap, cost us £1,100



#8 Flanners

Flanners

    Super Member

  • PipPip
  • 435 posts
  • Gender:Male
  • Location:Kent
  • Interests:Into my cars, motorbikes and road bking

Posted 20 September 2019 - 06:18 PM

Wasn't there legislation created to stop people moving assets to other people for this very reason?

 

I might be mistaken but i'm sure i read that somewhere......

They seem to have forgotten to tell the aristocracy and big business like Phillip Green this



#9 Truly Skint

Truly Skint

    Member

  • 102 posts
  • Gender:Male
  • Location:Stourbridge

Posted 25 September 2019 - 09:26 PM

We have left our house in trust to our two children, basically to stop the council taken it off us when we go ga ga,, pm me and i will explain how it works, its not cheap, cost us £1,100

PM'd Alan






0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users