Families warned over property trust schemes

 

Families are being put at risk by unregulated firms promising to help them avoid care fees and inheritance tax, lawyers and financial advisers have warned. Richard Bates, a partner and specialist in elderly clients at Coole Bevis , says that arrangements that put property into trust during an individual’s lifetime could fall foul of the law: “If you are going into a scheme with the intent of not paying for the full cost of care, and making the local authority put their hand into pocket instead, there is the potential to commit a fraud”.

The Daily Telegraph

Posted 12/01/2018