Wills, Probate & Elderly Client

House Trust Wills

How a House Trust Will Helps You Protect Your Home and Estate

A “House Trust Will”, otherwise known as a “Life Interest Will”, is a form of estate planning designed primarily to mitigate against the costs of care. Following changes introduced by the Care Act 2014 in respect of ‘deliberate deprivation of assets’ rules, the House Trust Will is one of the few remaining methods of ring-fencing a part of your Estate for the next generation.

House Trust Wills are the last line of defence against care fees – ring-fencing one-half of the value of your home so that it may pass to the next generation whilst ensuring that the surviving partner is entitled to reside in the property for as long as they wish to do so.

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Lucy Lawton

Associate Solicitor - Probate

Testimonials

Mr F – Probate and Estate Administration
Thank you Laura you have been absolutely marvellous and very professional during this stressful time, and I thank you so much for your excellent work on my case and appreciate the work you have done for me. I will recommend Browell Smith and Co to anyone choosing a solicitor in the future and that's down to you.

House Trust Wills for Blended Families and Inheritance Protection

Furthermore, House Trust Wills may confer significant, secondary benefits to blended families, allowing couples to structure their Estate in such a way so as to ensure their respective children are provided for and cannot be accidentally disinherited if their partner remarries after the first death of the two of them. If you wish to explore this application of House Trust Wills, it is important to discuss this with one of our legal specialists.

Why Timing Matters When Setting Up a House Trust Will

It is best to put House Trust Wills into place sooner rather than later as, if it is likely that you are going to go into care shortly, the local authority may challenge the decision to structure your Estate in this way.

Get Expert Help with Your House Trust Will

The process, while relatively straightforward, requires professional legal know-how to guarantee efficacy. Our legal specialists at Browell Smith & Co. Solicitors are experts in preparing House Trust Wills for both care-fees planning and estate planning purposes. Call 0191 250 3200 today to arrange your free initial consultation.

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