I’m wondering if we should put both our names on the deeds, or try to add our daughter, too
Q Our house is now owned outright after 25 years of us both paying the mortgage but only my husband’s name is on the deeds. As we are getting older (he is 62 and I am 58), we are wondering whether it would be prudent to put both our names on the deeds in case one of us needs full-time care services. I don’t understand how much of the house the council may be able to take if he was to go into care or if I would have to sell the house to pay for it. Is there any way of protecting my half or should it be the other way round?
I have worked with a few people who have come across this dilemma as their partners have had dementia and eventually required a full-time care home, and have had to take measures to protect themselves from having to sell their home. I think they had to use the equity in their property but could not save their half even though it was willed to their children.
