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Property Protection Trust

A Property Protection Trust can be created when a property is jointly owned. It is an enhanced Will that offers some protection for the property that ensuring on first death, that share is protected from interference by third parties. 

That share will also be protected from assessment for care home fees should the surviving owner require care in the future. 

It allows joint owners to be more flexible with their share of the property and pass it to someone else other than the joint owner, their children for example. 

If the surviving spouse or partner remarries or decides to change who they want to leave their estate to, the share of the deceased is protected for the beneficiaries they chose. 

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£350

Includes Mirrored Wills and Severance of Joint Tenancy (if applicable)

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vULNERABLE pERSONS tRUST

A Vulnerable Persons Trust is the most common type of trust used to protect the interest of a vulnerable or disabled persons interest. 

The trust ensures that the assets or any interest arising within the trust will be applied and managed entirely by a trustee the testator or settlor appoints. 

Often, this also means any means tested state benefits the beneficiary is entitled to will not cease.

dISCRETIONARY TRUST

A Discretionary Trust is when money or other assets from your estate are left in trust when you pass away. The trust is managed by your appointed trustees who decide which people become beneficiaries and when and how they should receive inheritance.

 

This could be particularly useful if a beneficiary is going through a separation or divorce at the time of your passing or you have concerns how the money you pass to a beneficiary would be spent. 

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rIGHT TO RESIDE TRUST

A Right of Occupation Trust allows you to ensure that a loved one can reside in your property should you pass away before them, even though they may not be the ultimate beneficiary. 

 

You may want to protect your spouse, partner or a child living at home. 

If the property is solely in your name and you want to pass it to your children but allow your spouse, partner or other to reside in the property, this is the correct provision for you. 

 

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lIFE interest trust

A Life Interest Trust is a similar vehicle to a Right of Occupation Trust, whereby you are giving another person an interest in an asset that you pass on when you die. 

An example of using a Life Interest Trust would be allowing another person such as a spouse or partner to receive the income from a rental property that was in your name when you passed away but the ultimate beneficiary would be your children.  

When your spouse or partner passes away, the property would be passed to your children entirely. 

Pound Sterling sign

£350

Drafted into a Single Will for an individual or Mirrored Wills for couples

Pound Sterling sign

£350

Drafted into a Single Will for an individual or Mirrored Wills for couples

Pound Sterling sign

£350

Drafted into a Single Will for an individual or Mirrored Wills for couples

Pound Sterling sign

£350

Drafted into a Single Will for an individual or Mirrored Wills for couples