Sometimes, planning what happens to major assets like your home and your savings after your death requires more than just a Will.
After all, life has a way of bringing us all sorts of unexpected difficulties to deal with – ill health, divorce, bankruptcy etc., and of course, the death of other loved ones.
By taking steps now, you can protect your children’s inheritance – or simply make sure it’s the people you choose who will benefit after your death.
Our Estate Planning experts can help you set up a Trust which will protect your home from being included in your financial assessment if you have to go into long term care – something to consider when you hear that tens of thousands of family homes are sold simply to cover the owner’s care fees in the UK every year.
Such a Trust can also make sure certain beneficiaries are protected if you or your spouse have been married before and have other children.
But transferring the ownership of your home into Trust does far more than this – it can include all sorts of special provisions to protect you, too:
On your death (or the death of your widow or widowed husband if the Trust is for a married couple) the property, or the money from its sale, passes to the chosen beneficiaries without the need for probate, saving both time and money.
Professional advice is essential in this highly specialised area, and we have the expertise and experience to guide you to the best solution for your particular circumstances.