Protective Property Trust

At the same time as setting up this Trust (which is written into the body of the Will) you will sever the tenancy on your property from Joint Tenants to Tenants in Common.  This in effect gives you both an equal 50/50 share of the property. By effecting this it means that on first death, 50% of the property is passed on to the chosen beneficiaries

Please note that on first death the Trust becomes activated. It would then be very difficult to effect any other secured landing on the property (e.g. increase the mortgage/take a further advance or remortgage). You would also not be able to effect an Equity Release Scheme.  Also all of the Trusts we produce carry £2.5m level of Professional Indemnity Insurance

Children

Many couples are worried that in the event of their death their children may not benefit from their potential inheritance. Should their partner remarry, setting up the trust means that the childrens’ 50% share is always protected.

Divorce

Divorced couples can also benefit from the trust in making sure their half is protected for the children or any other third party.

Care Home Fees

In the future should the surviving partner still be living in the property and be in a position where they have to move into a care home, then the local authority could seize the property to pay for the care home fees. If this did happen then 50% of the property, which is held in trust, would be protected for the beneficiaries (usually the children).

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Setting up a Will is never easy, but with David’s input we discussed scenarios we never even thought about. His knowledge and explanation made our decision a lot easier.

Anja & Roland Reay
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I found the Wills service provided was extremely professional, efficient & simple.
This took all of the confusion and complexity out of this process and left us feeling much more confident & content.

Ian & Deb Innes
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I found the service from David to be first class, we felt as though he had our very best interests at heart. The whole process was straightforward and not all time consuming. Thank you again David for looking after us.

Gary Ward