We believe that if you own your property in joint names you should consider the use of a Protective Property Will Trust to ensure that no matter what happens in the future, the right people inherit your share of the property.
A Protective Property Will Trust is a collection of clauses added to your Last Will and Testament to ensure that your share of your property is ultimately left to the people you choose, while also ensuring that a nominated person (known as the life tenant and usually your spouse/partner) can continue to benefit from the property and live in it for the remainder of their lives.
It is an invaluable measure when considering your Estate Planning requirements, and is especially useful for the following reasons:
- To protect against care home fees
- To avoid sideways disinheritance, and protect your children’s inheritance
- To resolve disagreements on who should get what
For more information about Protective Property Will Trusts click here, or give us a call on 01773 443301 to arrange a no-obligation home visit.