Protective Will Property Trust

In most cases the answer is children or other loved ones. However have you ever considered what the outcome would be if you needed residential care later on in your life? or your partner passed away before you and  then remarried?

You are able to download the full version of the rules from www.gov.uk

A property trust can only be formed whilst both partners are living. Usually, with a couple the property would be divided in to equal shares (50-50), though this can be uneven shares also.

On first death that share would be placed into the trust via the will.

A property trust is suitable for everyone in a relationship to ensure your children will inherit your share of the property, so even if the surviving partner remarries your childrens inheritance is protected.

The survivor has the right to remain living in the property, under the terms of the trust, for the rest of their lives. On second death the trust would come to an end and the property would pass absolutely to your chosen beneficiaries.

YES. if the survivor wants to sell and move to another property the terms of the trust will remain over the new property.

Would you like more personalised information ? Contact Smiths Estate Planning to find out how beneficial this would be for you and your family and put your mind at rest.