A Protective Property Trust is a type of legal arrangement written into a will that aims to safeguard the family home, often a person’s most valuable asset. While it doesn’t avoid inheritance tax, it’s designed to ensure that your share of the property is protected for your chosen beneficiaries, even if your surviving partner remarries, enters care, or changes their will. The cost of setting up a Protective property trust will cost isn’t fixed and can vary based on legal fees, the complexity of your estate, and the provider you use. That said, what people are really paying for is peace of mind, and for many, which makes it a worthwhile investment.
Why Do People Look for
a Protective Property Trust?
One of the main reasons families explore such
cost is to reduce the risk of the family home being sold to fund care home
fees. By placing your share of the property into a trust, it can’t be assessed
as part of your partner’s estate if they later require residential care.
Guarding Against
Remarriage and Sideways Disinheritance
If your surviving spouse remarries or rewrites
their will, your intended beneficiaries could be left out entirely. A Protective
Property Trust ensures your share goes directly to your chosen heirs, usually
children, regardless of what happens in the future.
Clarity and Control
Setting up a Protective Property Trust offers
clarity about who inherits what, and when. It can prevent future disputes and
keeps your wishes locked in.
Protecting Children
from Previous Relationships
Blended families are common. A Protective
Property Trust can help ensure children from previous marriages are not
unintentionally disinherited.
Reducing Delays in
Estate Distribution
By ring-fencing part of the property, a trust
can make the estate administration process smoother for your heirs.