Protective Property Trust

By: Protea Estate Planning  04/03/2014
Keywords: Protective Property Trust

Setting up a Protective Property Trust in your Will is a very cost effective way of protecting your primary residence from the pitfall of the rules of intestacy and care home costs. For Example: Joan and Peter have been married for 10 years with two children aged 7 and 11, they live in a home which is valued at £200,000. Unfortunately, Joan dies in an accident leaving behind her family. Some years later Peter meets Sarah who is 10 years younger than he is and has 2 young children of her own, he decides that the children need a mothers touch and remarries. Many years later after a happy life, unfortunately he dies before his new wife and the estate passes to her. Who do you thin she is going to leave her new estate to her children or his children. In this way his children have missed out on their inheritance. This can be avoided very simply when your ill is drawn up. The very same Protective Property Trust can be used to protect against care home fees. Doing a little now will make a massive difference to your family so, why wait. Give us a call now for your Free at home consultation

Keywords: Protective Property Trust

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