One way of protecting your property is by setting up a property protection trust in your Will. This is a trust which protects a property from the impact of later-life financial commitments, such as care home fees. A property protection trust may enable you to continue living in your home during your lifetime while being able to pass on the value of it to beneficiaries, such as your children.

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For a property protection trust to work, a couple must own a property jointly as tenants in common. Both parties must make a Will leaving their share of the property in the trust set up in the Will. When the first person dies, their share of the property passes into the trust.

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For more information, visit our property protection trust page (https://justwillsandlegalservices.co.uk/trusts/property-protection-trusts/).