Lifetime Property Trusts
What are Lifetime Property Trusts and why are they so helpful to families?
The lifetime Trust is a popular and cost-effective method of choice for couples trying to protect their family home for themselves and their children.
It is often a better or improved alternative to Trusts within Wills as it protects the whole home rather than just one half of it and it ensures a mutual crystallisation of the couple’s wishes.
It is probably most effective for a married couple who own property and the value together with combined assets is in the region of £300,000 to £650,000 between them. Although it can apply to younger or older persons, it is most common for couples to look at this at around the age of their retirement.
Take a look through our Notes (below) and see whether this may be something you wish to consider as part of your Estate Planning.