Changing the house over to my name.

Tilikum

Hello All,

My Dad has diamentia so we're gonna have to transfer the house over to my name before he gets any worse. There's no morgage anymore. Would anyone know how much it costs to go through the whole procedure?

My sister is worried he'll need to go to a home in the future, and the Hse will try to take the house if it's still in his name.

Youngblood.III

There might be inheritance tax issues for you?
Best get some legal advice from solicitors.

Tilikum

Youngblood.III wrote: »

There might be inheritance tax issues for you?
Best get some legal advice from solicitors.

That's what I mean, pal. Any idea how much tax you have to pay though?

Youngblood.III

Tilikum wrote: »

That's what I mean, pal. Any idea how much tax you have to pay though?

Well, be more clear on what you want in the opening post...Pal!!

TheBody

I had a similar situation. My dad gave me and my sister power of attorney. This was sorted through out solicitor before he got too bad. This meant that we could manage his affairs and access his back accounts.

I presume you are thinking about the fair deal scheme if you are worried about the HSE taking the house if you put him in a nursing home? This is not necessarily the case. We had to place our father in a nursing home. Under the scheme, we had to sign over his old age pension and then subsidise that with some of his savings each week. I can't recall the exact sum but it wasn't too bad. When he passed away, the HSE took nothing.

At any rate, this is tricky business. You need to talk to a solicitor. I would definitely look at getting power of attorney if he is still able to make that sort of decision. It would have been very difficult if we did not have that done.

Good look. Dementia is a horrible thing. I wouldn't wish it on my worst enemy.

Also, HSE won't take his house. They will claim a 7.5% of its value over €36,000 every year.

rpmcs

Not too familiar with the exact details but , if nursing home fees come into play in five years after change over of name, and your da can't afford fees,
Potentially Hse can call on you or family member who got house to be liable for part of fees.
Not sure on details of this but just be aware and get some info on it .

Tilikum

Thank you all.

gctest50

might help , cost of places per week

taken from :

http://www.hse.ie/eng/services/list/4/olderpeople/nhss/costs.html

TheBody

gctest50 wrote: »

might help , cost of places per week

The first list is out of date since July 2011.

Pat Mustard

Mod:

CAT advice must take prior gifts into account, if any. We do not know if there have been any prior gifts. We are not going to get into that either, as specific tax advice is not allowed on this forum or anywhere else on boards.ie.

Anybody who advises the OP that no tax is to be paid is not only giving legal advice but legal advice which may be completely incorrect. One post has already been deleted.

Please do not ask for or give legal advice or tax advice here.

OP, you should contact a solicitor and ask about capacity, the Fair Deal scheme, conveyancing costs and Capital Acquisitions Tax.

gctest50

TheBody wrote: »

The first list is out of date since July 2011.

yip, taken straight from the hse.ie page on it :

http://www.hse.ie/eng/services/list/4/olderpeople/nhss/costs.html

Nursing Homes Ireland has accused the State of a cover up in respect of the cost of public nursing home care. Despite repeated representations by NHI, the State continues to refuse to divulge the fee paid for nursing home care under the Nursing Home Support Scheme (Fair Deal) to HSE nursing homes.

The HSE published cost of care figures for individual HSE nursing homes were last published March 2011 – over 4 years ago.

http://www.nhi.ie/index.php?p=news174

why were the hse born so beautiful .......

Carawaystick

gctest50 wrote: »

why were the hse born so beautiful .......

Look whose image they were set up in

Mary Harney

Is you sister going to want a share in the house or some other inheritance? Are you doing most of the share of caring for your father? I'd iron this out before any transfer of ownership.

Marcusm

I think if your father has dementia you'd best see a solicitor to discuss his capacity to make any decisions.

Tilikum

Ok. Thanks again everyone.