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Why You Need a Property Protection Trust? Cranfield
Property Protection Trust Explained
Benefits of Property Protection Trusts
- Protection against care fees: As long as both of you won’t need long term care simultaneously, having your property in a protective trust ensures that it cannot be seized by the Council to pay for care costs should the remaining spouse fail to pay them.
- Prevent disinheritance of children: If you leave your property to your spouse there is no guarantee that they will in turn leave it to your children when they die. This is especially the case when you are leaving them with their step-children. By putting your property in a protective trust you guarantee that while they may use while still alive, when they die the property will go to the intended beneficiary (children).
If you have concerns that your property might be lost before it reaches the intended beneficiary then a Property Protection Trust is exactly what you need. The earlier you put your property in such a trust the better because no one knows when they will die.