Property Protection Trusts remove the risk of your home not being passed onto your children or other beneficiaries due to things such as re-marriage, divorce, and bankruptcy. They can also remove the risk of your home being taken into assessment for care fee costs.
Property Trust Wills are extremely useful arrangements that combine a change of property ownership (joint tenancy to tenants in common) and the inclusion of additional special clauses within the Mirror Wills. This presents a defense against nursing care assessment as the property is no longer held 100% by either owner. Moreover each owners 50% share goes into a trust upon their death which ensures that their share always goes to their nominated beneficiary(s).
Before making any decision about using Property Trust Wills we recommend you have a free no-obligation chat with a Asset Wills adviser to ensure suitabilty etc.
A Will is a legal document that clearly sets out your wishes for the distribution of your estate after your death. Having a clear, legally valid and up-to-date Will is the best way to help ensure that your assets are protected and distributed according to your wishes.
mirror wills consist of two separate documents that are almost identical. The surviving partner is usually named as the beneficiary of the first death, and then the same beneficiaries on the original will are handed the estate upon the second person’s death.
£150 for 2nd LPA (£125 for over 65's)
In the event that you became incapacitated through serious illness or injury, disability, stroke or dementia… who would you want looking after your property, finances, health and welfare?