Independent Will Writers | Will Storage | Estate Protection | Pre-Paid Funeral Plans

IMPORTANT INFORMATION FOR HOME OWNERS

The 1993 'Community Care Act' empowers Local Authorities to make you financially

responsible for contributing towards care cost fees. (if your assets exceed £23,500

you are deemed able to pay the full costs). This may mean that your loved ones

will not receive the benefit of your hard work over the years. With Local

Authorities coming under increasing financial pressure this act may be used more

and more in the future.

At Will Solutions we can prepare a Protected Property Trust to ensure that your

share of the house passes to your loved ones on the subsequent death of your

surviving spouse, regardless of whether or not he or she had remarried after your

death, or indeed had to go into care.

How Does the Protected Property Trust Work?

Each partner leaves their share of the property in trust for their children or other

beneficiaries rather than to the joint owner of the property.

This means that the survivor never becomes the sole owner of the property, which

prevents the Local Authority including the whole value of the property when

totaling assets, if the survivor needs permanent residential care. Only the value of

the survivor’s share of the property would be included in any means test

calculations.

Only after the survivor dies does the first share of the property pass to the children

or other beneficiaries. The survivor cannot be forced to sell or move without

consenting. The Protected Property Trust can also protect the residential rights of

a current partner if the property share is to be left to children from a previous

relationship or other beneficiaries.

Please Note

You can only use a Protected Property Trust whilst both property owners

are alive and of sound mind. If this applies to you ACT NOW whilst this

option is open for you.

01202 659765

Do the right thing . . . Making a Will is the only way to protect your family and give them peace of mind.

Will Writing - Estate Preservation - Tenancy Severance - Probate - Trusts - Power of Attorney - Advance Directives - Business Partnership Agreements - Employment Contracts - Pre-Paid Funeral Plans

Will Writers covering Corfe Mullen, Wimborne, Poole, Wareham, Bournemouth, Broadstone, Ferndown, Parkstone , Christchurch, New Forest,

Dorchester, Verwood, Wareham, Swanage, Blandford Forum and all areas of Dorset.

For personal home visits please call during office hours

01202

659765