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Don’t risk losing the family home.

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Knowing where you stand is essential especially when the elderly population is rising and statistics say that one in four women and one in six men may require long term care in the future.

The value of the former home will usually fall into a capital means test if a long term or permanent admission to a care home is required. With the average retirement home charging between £21,000 and £30,000 per year, last year around 70,000 homes were sold to pay for these fees.

A Property Trust removes the risk of your home being assessed for care fee costs and can ensure your share of a joint estate passes to your nominated beneficiaries.

Trusts are a long established mechanism which allows individuals to benefit from the assets without assuming the legal ownership so that the ‘trustees’ have day to day control over the assets. A trust can be extremely flexible with two basic types of trust in regular use; Life Interest Trusts and Discretionary Trusts.

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For more information and advice book a free, no obligation appointment.