On the evening of Saturday 4th February 2006, my wife and I went out with a couple of our friends to our local PizzaExpress. Anyway, over dinner they were telling us theshocking and scandalous story about how an elderly couplewas forced to sell their homes when the husband developedan illness requiring long term care. Apparently, these two individuals have worked hard, paidtheir taxes and with prudence have accumulated assets ofmore than ?12,250. Ok, let's face it, that is not a fortunethese days. Sadly, enough for their access to care to bemeans tested. It turned out that these two frail individuals were meanstested and were found to own assets at well over ?12,250.Consequently, the wife was evicted and their property wassold to pay for his care. I was disgusted. I could not understand how the establishmentcan treat its senior citizens so callously in our so-calledcivilised society. How can people who have led a productiveand prudent life be penalised for having built a modestbuffer. More importantly, was there anything that could bedone to help others avoid this awful trap? I heard how a retired businessman stumbled across this same problem and how he invested a lot of his time andmoney to do something about it. I acquired details of hisresearch and findings which, incidentally, concluded thatif you own your property jointly with a spouse or partner, you are a sitting duck for the eviction squad.My wife and I, like most people who are married or live together,own our house jointly because it is the right and responsible thing to do. Big mistake! Unfortunately, in law, when you own a house jointly with your spouse/partner, you own it jointly and severally. Basically, you both own the whole of the house - nothalf each, but both 100%. What this means is that if the houseis assessed to pay for residential care, the portion of the housethat the person needing the care owns is what's taken intoaccount. And how much do you think that is?Well, it is 100%, ALL OF IT! So, if you or your partner needs long term care, you'll be forced to sell up if you don't have the cash to pay - and the remaining partner will be left effectively homeless. Frightening, disgusting, but absolutely true.There is a simple solution, but hardly anyone knows, orthinks about it. By the way, although my wife and I are in ourfifties, we are utilising this simple solution to remove therisk for us. You too can do the same, to find out how you canget this solution for FREE you need to visit http://hope4life.vipinfoweb.com "In our way of life, in our government, with every decision we make, we always keep in mind the Seventh Generation to come. It's our job to see that the people coming ahead, the generations still unborn, have a world no worse than ours - and hopefully better. When we walk upon Mother Earth we always plant our feet carefully because we know the faces of our future generations are looking up at us from beneath the ground. We never forget them." OREN LYONS This press release is supplied by Abi Motala, the CEO of Vista Information Publishing Ltd. Articles written by Abi have been published in both business and IT magazines. You can visit him at http://www.vipinfoweb.com
Category : General Government: State
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