Property Trust

A Property Trust Guarantees Inheritance
Anyone who has assets valued at over £23,250 (including their family home) may not get any state help at all as far as residential care fees is concerned. In the end, anyone living in their own house as the owner will likely not receive any assistance, where the home can even be sold in order to fund residential care.
A Property Trust, once established, can help you protect your estate and other properties from being used to pay for residential care fees. You can create a Property Trust whilst both parties are alive – usually, with couples, the property is divided down the line on a 50/50 basis, although these percentages tend to fluctuate sometimes. When one of the spouse dies, their share of the property is put into the Trust which is then administered by the Trustees.
Once you get a Will written professionally, it will specify who the ultimate beneficiary is of this property share – normally, it’s the surviving children of the deceased. Under the Property Trust’s terms, the surviving spouse can live in the property for as long as they wish. Once the second spouse dies, the Trust is dissolved, where the property’s ownership will be fully passed on to the beneficiaries because the surviving spouse does not have any ownership share in the deceased’s property.
At any point, should the surviving spouse wish to sell the property to move to another one, the sale proceeds may be used to buy the second property where the terms of the Trust automatically shift to the second property as well.
Peace Of Mind During Your Lifetime And After Your Demise
Since full protection is afforded to the beneficiaries, your children’s inheritance is guaranteed even if the surviving spouse remarries. This last benefit will certainly be of particular interest to couples who have children from multiple partners. A Property Trust can aid each individual in a relationship, ensuring that their respective children inherit their due property share, while also affording the surviving partner the ability to live on the property for as long as they wish.
All in all, a Property Trust can give you a lot of peace of mind if you have a property and want to protect its value in the best way possible for future generations. Our highly trained legal consultants will assess your personal circumstances and recommend what to include in the Property Trust, so that you and your future generations reap the most benefit, as well as get their due share after your demise.
Protecting Yourself And Your Loved Ones Starts With Three Simple Steps:
Contact Us
Speak to one of our friendly consultants on 01978 809551 or submit your details online. We can either visit you at a time and day you find convenient, or help you complete the process entirely online if you wish.
We Listen
At our appointment, we pay close attention to your wishes and lay out all the options for you. We do not use any legal jargon and stick to plain English to help you understand what the Will writing process involves. Depending on your individual circumstances, we may discuss other family estate planning services as well, such as Power of Attorney, Living Trusts, LPAs (Lasting Power of Attorney), etc.
Document Submission
Our in-house team drafts your Will and sends it to you for approval. We’ll also include clear and transparent guidelines on signing and witnessing.
Why Choose Complete Peace Of Mind For Will Writing?
We Are Professional
Our team prepares a legal binding Will, drafted as per your needs and wishes.
We Are Approachable
We guide you through the entire Will writing process, making it as easy as it can possibly be.
We Are Experienced
We have helped families for over 25 years protect what they treasure the most.
We Are Affordable
A professional Will writing service is affordable. Our fees are transparent, and we offer extraordinary value from day one.
Free Consultation
01978 809551
The Stables
Brynkinalt Business Centre
Chirk, LL14 5NS
Email info@completepeaceofmind.co.uk