{"id":107957,"date":"2019-06-10T13:48:16","date_gmt":"2019-06-10T06:48:16","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/my-daughter-is-helping-us-buy-our-retirement-home-what-if-we-go-into-care\/"},"modified":"2019-06-10T14:07:54","modified_gmt":"2019-06-10T07:07:54","slug":"my-daughter-is-helping-us-buy-our-retirement-home-what-if-we-go-into-care","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/my-daughter-is-helping-us-buy-our-retirement-home-what-if-we-go-into-care\/","title":{"rendered":"My daughter is helping us buy our retirement home \u2013\u00a0what if we go into care?"},"content":{"rendered":"


\nI\u2019m worried she won\u2019t get her contribution back if the property is sold to pay for our careQ Our daughter is contributing 25% of the price of our new retirement home. This enables us to buy it yet allows us to keep some savings in our own bank account. If one or both of us needs to go into a care home at some point will her contribution be safeguarded?SVA I assume that you are worried that if your home had to be sold to produce the cash needed to pay the cost of going into a care home, your daughter wouldn\u2019t get her contribution back. However, even though you and your husband legally own the property, because your daughter has contributed to the purchase price, she can establish what\u2019s called a \u201cbeneficial interest\u201d in the property that gives her the right to a share in the proceeds from any sale of the property. So you don\u2019t need to worry on that score. Continue reading…
\n
\nSource : theguardian.com
\nRead more…My daughter is helping us buy our retirement home \u2013\u00a0what if we go into care?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I\u2019m worried she won\u2019t get her contribution back if the property is sold to pay...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-107957","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-s5f","jetpack-related-posts":[{"id":11488,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-pensions-system-has-failed-what-is-the-answer\/","url_meta":{"origin":107957,"position":0},"title":"The pensions system has failed \u2013 what is the answer?","date":"April 27, 2013","format":false,"excerpt":"\r Poor investment returns and dreadful annuity rates mean the outlook for defined contribution pension schemes is appallingTwo figures stunned me this week. The first was on Tuesday morning from the Office of National Statistics, which said that to buy an inflation-linked retirement income of \u00a325,000 a year \u2013 less\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100917,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/do-i-need-to-pay-more-stamp-duty-on-a-home-because-i-also-own-a-flat\/","url_meta":{"origin":107957,"position":1},"title":"Do I need to pay more stamp duty on a home because I also own a flat?","date":"November 5, 2018","format":false,"excerpt":"\r I bought a flat with my daughter and I\u2019m worried I will have to pay the higher rateQ My husband and I sold our main home in August 2017 and are using the money from the sale to buy a new home for us to live in which will\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102770,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tai-po-villa-occupied-by-wife-and-daughter-of-zimbabwes-former-president-sold-in-hong-kong-for-a-15-per-cent-loss\/","url_meta":{"origin":107957,"position":2},"title":"Tai Po villa, occupied by wife and daughter of Zimbabwe\u2019s former president, sold in Hong Kong for a 15 per cent loss","date":"January 8, 2019","format":false,"excerpt":"\r A luxury villa previously occupied by the wife and daughter of Zimbabwe\u2019s former strongman Robert Mugabe \u2013 itself the subject of a dispute in the Hong Kong courts \u2013 has been sold for a 15 per cent loss, according to sales agents. House 3 of JC Castle has been\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":134937,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lots-of-us-are-very-anxious-why-britains-buy-to-let-landlords-are-selling\/","url_meta":{"origin":107957,"position":3},"title":"\u2018Lots of us are very anxious\u2019: why Britain\u2019s buy-to-let landlords are selling","date":"February 24, 2023","format":false,"excerpt":"\r UK rent and rate rises plus tougher rules are fuelling a crisis for both tenants and owners\u2018Massive shock\u2019: the tenants facing eviction as landlords hike rent or sell upDesigner Philip Harris, 42, who has properties in south and east London, became a landlord by accident after meeting his now\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118981,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-of-son-and-daughter-could-pay-dearly-for-retirement\/","url_meta":{"origin":107957,"position":4},"title":"\u2018Bank of Son and Daughter\u2019 could pay dearly for retirement","date":"October 21, 2020","format":false,"excerpt":"\r Intergenerational finances are a two-way street, says the Great British Retirement Survey\r \r Source : ft.com\r Read more...\u2018Bank of Son and Daughter\u2019 could pay dearly for retirement","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22775,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-scandalous-changes-to-company-pension-schemes\/","url_meta":{"origin":107957,"position":5},"title":"The scandalous changes to company pension schemes","date":"August 13, 2016","format":false,"excerpt":"\r Every time an employer closes a final salary scheme and moves workers to a \u2018defined contribution\u2019 one, it shifts all the risk onto themA man in his 40s receives a pension projection that tells him his retirement income is going to collapse from the \u00a338,000 he was expecting to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/107957"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=107957"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/107957\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=107957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=107957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=107957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}