Useful

**thegimp** · 23-11-2011, 16:21

Scene (HYpothetical)

Retired parents sat on 400k house, no mortgage. same in investments/shares. Also two generous pensions

One sister divorced two kids, house, big mortgage (arranged only with help from key worker scheme) mortgage interest only being paid. could not remortgage without large cash deposit or guarantor

Son, property paying for itself in rent, large disposable income and spare 100 k cash

Questions

Are there prefered ways of pushing the money round to optimise financial efficiency across these three family units

Some time in the near future there will be nursing homes and death. How does one go about protecting and profiting from some financial jiggery pokery

I know its a broad subject, but thoughts please

**Rod924** · 23-11-2011, 16:28

Are you from Nigeria?

Sent from my GT-I9000 using Tapatalk

**eodmatt** · 23-11-2011, 16:29

Go and see a Indepedent Financial Advisor.

That'll be 25 Guineas please.

**O2 Oxygen Thief** · 23-11-2011, 16:34

Originally Posted by thegimp

Scene (HYpothetical)

Retired parents sat on 400k house, no mortgage. same in investments/shares. Also two generous pensions

One sister divorced two kids, house, big mortgage (arranged only with help from key worker scheme) mortgage interest only being paid. could not remortgage without large cash deposit or guarantor

Son, property paying for itself in rent, large disposable income and spare 100 k cash

Questions

Are there prefered ways of pushing the money round to optimise financial efficiency across these three family units

Some time in the near future there will be nursing homes and death. How does one go about protecting and profiting from some financial jiggery pokery

I know its a broad subject, but thoughts please

just hope for death..cos the nursing home will gobble up the asset...collude with your sister..job jobbed..win..win..!!

**PapaGolf** · 23-11-2011, 16:42

Change HYpothetical to Hi-Velocity Sniper rifle, and you are quids in my friend!!

**thegimp** · 23-11-2011, 16:55

I think the pillow case firmly applied is the best option, but having watched taggart, rebus and Morse I reckon it would be chokey time before next months crime stoppers

**thegimp** · 23-11-2011, 16:59

Obviously all the smart finance boys are hard at the chang, driving their desks, smashing through till 2200, when they'll hit the town for high glass Ukranian whores, champers and more sniff

Maybe they'll read the thread at the weekend

**Chef** · 23-11-2011, 16:59

The best jiggery-pokery is to rearrange nursing home and death.

**clownbasher** · 23-11-2011, 17:05

There's probably something that could be done about gifting the property to the children, renting it back and surviving >7 years to escape an Inheritance Tax Liability on the transfer - but it's probably better to take out life insurance on the oldies and then have them bumped off.

**leveller** · 23-11-2011, 17:18

Make sure the oldies have both names on the house, then when the first one pops off, their share of the property can be given to the two children, reducing the estate size when the second one goes.

You can insure against care homes, but it is bloody expensive, they look at the health of the person and length of expected life in the home. One of my relies had about £140k estate, and they wanted £40k to cover. If they live longer than expected then you don't pay any further fees, but you don't get any money back if they die sooner than expected.