I'm wondering if someone elderly decides to use the majority of their estate (sell their home) to invest in a third parties company who they trust, will this be seen as deliberately depreciating their estate even if they have no link to the company?
I'm trying to work out if there is any last minute tax planning i can undertake for the person in question so their estate doesnt get bled dry by a care home. I know the local authority does provide funding but only if the estate is shrunk to a small amount (23k or so), but if they beleive it's been deliberately depriciated they will refuse funding.
I don't think the person has 7 years left before health care becomes an issue so a trust or transfering the property might not work.
Really appreciate any help.