When making a Will, most clients wish for their property to pass down to their children and grandchildren. Unfortunately, even with a valid will in place, there are many reasons why this may not happen. For example, if a house is passed to a child and they are subsequently divorced the property could pass to their ex-partner. What if they had financial difficulties or needed care? In fact, there are many reasons why the family home may be lost to a third party.
With a “Home Protection Trust” it is possible to simplify the administration of your estate and protect the family home for up to 125 years. 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 a degree of protection against unforeseen future complications.