Worried about the potential impact of care home fees on your family’s inheritance? A Property Protection Trust (sometimes called a Family Home Trust) is a legal tool that can help safeguard your property for your loved ones. However, it’s a complex area, and it’s essential to understand how these trusts work and seek professional legal advice before making any decisions.
A Property Protection Trust is a type of trust specifically designed to protect your home from being assessed for care home fees. It involves transferring ownership of your property into a trust while you’re still alive. You (and/or your partner) typically continue to live in the property and can even retain some control over it.
A Property Protection Trust may be suitable for individuals or couples who:
Property Protection Trusts are complex legal instruments. It is absolutely vital to seek professional legal advice from one of our specialists. They can assess your individual circumstances, explain the implications of setting up a trust, and ensure the trust document is drafted correctly to meet your needs and comply with the law. Do not attempt to create a trust without legal guidance.
The content on this page is for general knowledge purposes only and does not constitute legal advice.