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Senior Member
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Join Date: Jun 2012
Location: Manchester
Posts: 15,643
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Senior Member
Join Date: Jun 2012
Location: Manchester
Posts: 15,643
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My brother now owns my dad's house. He sold it to him after my mum died as he was worried that the house is pretty much the extent of his estate and his own dad had lost basically all his money on care home fees (he lived till 96 so they took the house, his pension and all his savings).
If Dad had died within 7 years of my brother buying it there would have been some issues but we are out of that period now and so the house now belongs to my brother and we have a legal agreement that the equity that was in the house at the point my brother bought it will be split 50/50 after dad passes. If the house has significantly increased in value my brother will get the extra as he has obviously taken all the risk of taking on Dad's house.
It was never about the money - more about Dad having some peace of mind which he now has.
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