Frequently, people fall into the care home fees trap. This is when someone requires care and they have more than £23,250 in total assets. The average cost of a care home is currently £30,000 per year. This can soon add up and consume the majority of your estate. After 5 years the cost would be £150,000.
Why you should consider setting up a Trust now
Very few people enjoy dwelling on their own (or their spouse’s) mortality, but the simple fact of the matter is that Property Protection Trusts can only be set up while both owners of the family home are alive. If you leave it too late, there will be very little that you can do.
Contact us today and one of our Consultants will explain all the details to you and answer any questions you may have. Once the Trust has been set up, we will make sure it is referenced in both your will and that of your partner, to ensure it is enforceable in law.
Whether your financial situation is very simple or you and your partner jointly own a wide range of assets spread across the globe, our team will provide you with all the help you need to set up legally binding trusts that protect your share of the joint estate in the event of your passing, ensuring that all those who you wish to benefit from your bequests will actually be able to benefit from them at the appropriate time.
For simple trusts, as well as complex trusts that may take longer than normal to draw up, we will be happy to provide you with a free initial consultation and no-obligation quotation for the services that you need, making it easy for you to decide whether you would like to take advantage of our expertise with property protection trusts.