Property Protection Will safeguards a partner's right to live in the home while preserving its value for beneficiaries, such as children. It also offers protection against potential loss of assets due to remarriage, certain bankruptcy situations, and some care fees.
-Right To-Occupy (RTO)
-Property Protection Trust (PPT)
Each option includes:
1) A basic Will,
2) Severance of tenancy and registration with 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 18/21.
-Discretionary Will Trust (DT) - extra guidance for those under 25 receiving an inheritance.
-Nil Rate Band Discretionary Trust (NRBDT) - Save IHT for unmarried- Widows -£2m+ estates.
-Vulnerable/ Disabled Trust (VPT) - Protection and benefit savings for vulnerable beneficiaries
Each option includes:
1) A basic Will,
2) Severance of tenancy and registration with Land Registry (if required).
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.
- Life Interest Trust - (Highest protection and auto NRB inheritance tax savings)
