Property Protection Trusts only £460 per couple

A Property Protection Trust Will is a will designed to protect your residential home from an assessment to long term care fees. If you own your property Jointly we change this by a Deed of Severance to tenants in common meaning you each own 50% of the property. The half share of the property belonging to the first person to die passes into the trust. This is also known as a ‘life interest trust’ and this gives the surviving partner priority meaning they have a right to occupy the home and they have the ability to move home using the full value of the property afterwards if required, and on death of both partners then the trust funds passes the two halves to who ever they wish, usually their children.

Why is this important? Because if the surviving partner at a later date requires long term care the deceased’s half of the property is in Trust and cannot be assessed as capital available for the survivors care fees.