Care home fees are a major concern for an increasing number of people in the UK with its ageing population. For most people, their main and only substantial asset will be their home. Having no doubt worked most of their life to pay off a mortgage and perhaps leave a legacy for their children, it's then horrible to think that they could have to sell the home to fund future care needs.
One way to protect at least part of your home is to make Protective Property Trust Wills. These are only suitable for two partners who own a property jointly. Essentially, when the first partner dies, the property is held in trust for named beneficiaries (usually, but not always, children of the couple). If the surviving partner then goes into care, the half of the property in trust is protected because it is not, and never has been, an asset of that surviving partner.
Carolyn is also our lawyer in charge of
Wills and probate ›
Lasting powers of attorney ›
We’re committed to making quality legal advice a resource everyone can access. We believe in providing Real life support - offering you advice and guidance whatever stage of life you are going through.
You can email Carolyn by clicking here or you can pop into our office to speak to a member of our dedicated team.
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