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Protect your assets
If your assets (including property) are worth more than £23,000 then you will be liable to pay for some, if not all, of your care fees. When you consider that the average care home charges between £18,000 and £30,000 a year, it is easy to see why approximately 70,000 homes were sold last year to pay for these fees. Under UK Law it is illegal to transfer ownership of your property to avoid paying care fees.
We specialise in trust and protection planning and the use of trusts can help protect your assets and keep your property and assets in the family.
Property Protection Will Trusts can be a simple and cost effective way of protecting at least some of your property.
Many clients wish to state in their Will that when they die, their share of the property is put in trust for their children or another beneficiary, instead of going straight to their spouse or partner.
Many clients have chosen to ring fence half of their property for their beneficiaries. Contact us and ask about the Protective Property Trust.
For further information, please visit our resource page or give Rebekah a call on 020 8340 3102.