Protective Property Trust Wills
What is a Protective Property Trust will?
What benefits do Trust wills provide?
Ring fence from care fees.
Protection of your half of the home from future care costs, ensuring your loved ones get what you hoped for.
Great for blended families.
Ensures fairness for both halves of the family unit. Giving peace of mind to both sides.
Important for un-married couples
Unmarried with shared property? Trust wills will be essential to protect both parties as will detailed IHT advice.
Who deals with the trust after I'm gone?
Just as wills require executors, Trusts require trustees. These are appointed individuals who are responsible for holding the assets you leave in your will in trust for the chosen beneficiaries. They don't own them, but they are responsible for them and their safekeeping.
Trusts are useful, flexible features of estate planning that allow for greater control, protection and surety for your estate. Speak to an advisor about your circumstances to get more accurate advice.
How do PPT wills work?
What are they, do we need them?
Joint ownership property tenancy is severed
Couple reappointed as Tenants in Common (TIC)
Wills with Trusts are written to reflect 50-50 ownership and set out trust terms.
PPT Process
Later in life, if the survivor requires care. The portion of the home in trust cannot be called upon for care fees.
Later in life, if the survivor goes on to re-marry. The portion of the home in trust is protected from any new marriage.
If Trust Wills may not work for you,
please speak to an advisor as they can point you in the correct direction.
What do Trust wills cost?
Typical Price Ranges
Single Individual Will
£0-499
Very simple wills can be done at home, some charities offer simple wills for free also. However, these are essentially template wills and they may not do what you hope.
Wills vary depending on the firm, high street solicitors tend to charge higher premiums than estate planning specific firms.
Service levels vary, all wills should be registered with the national will register.
Mirror Wills
£200-799
Wills vary depending on the firm, high street solicitors tend to charge higher premiums than estate planning specific firms.
Service levels vary, all wills should be registered with the national will register.
Wills with Trusts
POA
These are bespoke wills, taking into account specific family circumstances and wishes. They will vary on the basis of complexity and what other work may require completion to ensure the wills work in the intended way.
Sometimes this can result in Land Registry work if there is property in the estate and as such, takes greater time to complete.