Question of the week: Can a joint tenancy be severed after the death of one of the joint owners...
This Q&A considers how a post-death severance of an equitable joint tenancy is treated for tax ...
The elderly client's main preoccupation is likely to be whether or not they will have the finances in old age to keep them, whether in their own home or in a care home. For the wealthy client that may not be particularly troublesome but for the majority of older clients their concern centres on what care they can get or afford to get.
Note that this topic addresses only English law. Following devolution there are now significant differences between the English, Scottish and Welsh rules on many aspects of care provision and funding.
The Care Act 2014 (CA 2014) was probably the most important piece of legislation in the field of social care since the National Assistance Act 1948. It has wiped away a large number of pieces of legislation, both primary and secondary. Part 1 of the Act is in force but Part 2 is only partly in force.
For more information, see Practice Note: Guide to Care Act 2014 repeals.
All clients are aware that their assets can be taken ...
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