Generally, couples want the family home to pass to their children. They often leave their assets to each other initially, in the hope that everything will pass to their children in due course.
Unfortunately, things are not always this straightforward. For example, if your partner was to start a new relationship or re-marry after your death, the property could pass “sideways” to their new partner or spouse. Also, if the survivor has to go into care in their later years, the property could be sold to pay for their care fees.
A Property Protection Trust is a simple solution, and comes into force after the death of the first partner. When the first partner passes away, they do not leave their share to the survivor. They instead place their share into a protective property trust, with the survivor and the children named as beneficiaries. When the survivor later passes away, the share that has been protected under the trust will pass to the children; even where the survivor has re-married, gone into care, gone bankrupt or changed their Will.