When making a Will, most clients wish for their property to pass down to their children. Unfortunately, even with a valid will in place, there are many reasons why this may not happen. For example, if someone requires residential or nursing care during their lifetime, the costs can often around £750 per week. The local authority can use your assets to cover these care costs; including the family home.
With a “Home Protection Trust” it is possible to help ensure that the family home stays within the family; no matter what the future holds. A Home Protection Trust is designed to allow the owner(s) of a property to keep control of, and continue to reside in a property whilst adding protection against unforeseen future liabilities. This simple planning is one of the most effective ways to ensure that the family home stays within the family.