Property Protection Trust

Secure Your Home and Assets with a Property Protection Trust from Direct Wills Trusts

Your home is likely your most valuable asset, and protecting it for the future is essential for a surviving spouse. At Direct Wills Trusts , we help you safeguard your property with a Property Protection Trust and Family Trust—a powerful tool designed to protect your home and other assets from being eroded by costs such as long-term care fees or inheritance tax. For more information, download our free factsheets on property protection.

What Is a Property Protection Trust ?

A Property Protection Trust is a legal arrangement that allows you to protect your home and other assets by placing them into a trust. This means that while you still live in your property and have control over it, the ownership, including your share of the property, is held by the trust. This can also include power of attorney benefits, shielding your home and the will writing process from being included in assessments for care fees or from certain inheritance tax liabilities.

Key Features of a Property Protection Trust :

  • Protection from Care Fees: Prevent your home from being sold to pay for long-term care.
  • Retain Control: You continue to live in your home and make decisions about your property.
  • Inheritance Protection: Ensure your estate is passed on to your children or chosen beneficiaries, without the risk of it being diminished.
  • Tax Planning: A Property Protection Trust can help reduce inheritance tax liabilities on your estate.
Property Protection Trust

Why Set Up a Property Protection Trust ?

Setting up a Property Protection Trust, often referred to in discussions about discretionary trusts and the type of trust known as asset protection trusts, is a proactive way to protect the assets you’ve worked hard for. If you’re concerned that your estate could be depleted by care home fees, or you want to make sure your home passes directly to your beneficiaries without risk, a Property Protection Trust can provide security.

Here’s why a Property Protection Trust might be right for you:

  • Protect Your Legacy: Without a trust, your home could be sold to cover the cost of long-term care, leaving less for your loved ones to inherit.
  • Avoid Disputes: Ensure that your home is passed directly to your beneficiaries, reducing the risk of family disagreements or legal challenges.
  • Flexibility and Control: You still have full rights to live in your home, rent it out, or even sell it if you wish. The trust simply acts as a protective barrier.
  • Secure Your Children’s Inheritance: If you want to make sure your children or loved ones inherit your property, a trust ensures your wishes are honored.

Why Choose Direct Wills Trusts for Property Protection Trust ?

At Direct Wills Trusts , we believe that planning for the future should be simple, affordable, and tailored to your needs. Our experienced legal team will guide you through every step of setting up a Property Protection Trust, ensuring your assets are protected for generations to come.

Expertise You Can Trust

Our knowledgeable team specializes in estate planning and trusts, providing you with clear, expert advice.

Personalized Solutions

We’ll take the time to understand your unique circumstances and tailor the trust to suit your needs and protect your assets.

Clear, Transparent Process

We make the process straightforward and easy to understand, with no hidden fees or confusing jargon.

Long-Term Security

With our ongoing support, we ensure that your Property Protection Trust remains compliant and effective as your needs evolve.

Property Protection Trust Explained

Protect

To put your property (home) in a property protection trust you both (you and your partner) need to own it. Changes in ownership are then made so that each of you owns half of the home.

Your

Both of you then indicate in a special Last Will that after the death
of either of you the remaining partner has a right to reside in both halves of the home until they too die.

Property

Upon the first death, a special Protective Property Trust takes over the half belonging to the deceased. However, as the Last Will stipulates, the remaining partner/spouse continues living in the whole home until they too die.

How Does a Property Protection Trust Work?

Consultation

We start by understanding your property and estate planning needs during an initial consultation. This allows us to determine the best way to protect your assets.

Setting Up the Trust

We draft the Property Protection Trust and transfer the ownership of your home (or other assets) to the trust. However, you retain full control and can live in or manage your property as before.

Deciding who Inherits your Property

Lifetime Use

You continue to live in your home and maintain your rights over it while the trust holds ownership. Your beneficiaries are named in the trust and will inherit the property as per your wishes.

Protection from Care Costs

If you need long-term care in the future, your home will typically not be included in financial assessments, preventing it from being sold to cover care fees.

Benefits of a Property Protection Trust
  • Shield from Care Fees: Keep your home safe from being sold to cover expensive care home fees, ensuring your estate is protected for your beneficiaries.
  • Full Control: While the trust holds ownership, you retain full control over your property and can make changes as needed during your lifetime.
  • Avoid Probate Delays: Assets in a trust can often bypass probate, allowing a faster transfer to your beneficiaries.
  • Prevent Estate Disputes: By clearly outlining your wishes in the trust, you can reduce the risk of family disputes over inheritance.
Trusted Executors
Who Should Consider a Property Protection Trust ?
  • Homeowners Concerned About Care Fees: If you’re worried that long-term care costs could deplete your estate, a Property Protection Trust is a solution that can safeguard your assets.
  • Families Seeking Inheritance Protection: If you want to ensure that your home is passed directly to your children or beneficiaries without risk, a trust offers a structured and secure way to do this.
  • Those with Significant Assets: A Property Protection Trust can help manage and protect larger estates, ensuring they are distributed according to your wishes.
Start Protecting Your Home and Legacy Today!

Don’t leave the future of your estate to chance. With a Property Protection Trust from Direct Wills Trusts, you can take control of your assets, protect your home, and ensure your loved ones are provided for after you’re gone.

Contact us today for a free consultation!

Our team of experts is ready to help you secure your property and provide peace of mind for you and your family.