Protective Will Property Trusts
A will is a document that regulates what should be done with your assets after you die. If a person dies without making a will, his assets can become a big issue. Protective Property Trust Wills can safeguard your home after your spouse or partner has died. For example, if you’re living with your spouse in your house, when they die, the local council is entitled by law to seize the home, sell it, and use that money to pay for your long-term care if required, leaving you with just £23,500.
This can happen to anyone who doesn’t have the Protective Will Property Trust . Such circumstances may lead to having only a small portion of the estate to leave behind to your family.
Trying to transfer your property to relatives or trusts when your main goal is to avoid paying long-term care costs is illegal. The government has set the rules about deliberate deprivation of assets. A Protective Will Property Trust is a completely legal arrangement which only comes into play when someone dies. Nobody dies on purpose.
For any additional information contact The Will Associates today by calling us on 0800 9500 700 to arrange a free, no obligation consultation at a time convenient to you and your loved ones, in the comfort of your own home.