Safeguards a partner's right to live in the home while ensuring that its value is preserved for beneficiaries, such as children. It also offers protection against potential loss of assets due to remarriage, certain bankruptcy situations, and some care fees.
Each option includes a basic Will, severance of tenancy and registration with the Land Registry (if required).
Ensure that beneficiaries, usually children or vulnerable adults, are cared for if a parent passes away. Trustees manage the funds like a parent would, providing considered access to essential resources rather than waiting until age 18. Each arrangement includes a basic will, a letter of wishes, and a mutual severance agreement if needed.
These are the ultimate Will Trusts designed to navigate the complexities of modern family structures. They combine the strengths of Property Protection Wills and Family Protection Wills, offering a unique blend that provides protection and flexibility. Each includes a basic Will, a letter of wishes, severance of tenancy and Land Registry if required:
- Life Interest Trust - (Highest protection and auto NRB inheritance tax savings)
