If you or a loved one would like to protect their property from third party claims while still living at home, Castle Family Legal can advise you further.
A Property Trust is particularly important for married couples and civil partners who jointly own their home. When one partner passes away, their share of the property is held in trust rather than passing outright to the surviving partner.
This means that even if the surviving partner remarries, your children's inheritance is protected. Without a Property Trust, your share of the home could pass to a new spouse and ultimately to their family — leaving your own children with nothing.
Property Trusts can also provide a degree of protection against care home fees. While no trust can guarantee absolute protection, a properly structured Property Trust can significantly reduce the risk of your home being sold to fund care costs.
We make a complex process simpler with our clear explanations and person-centred approach. Give us a call today to find out more about how a Property Trust could benefit you and your family.