Wills 4 Less, we help you safeguard your property through a Property Protection Trust, ensuring your loved ones remain secure no matter what the future holds.
What Exactly Is a Property Protection Trust?
A Property Protection Trust is a legal instrument where you (the settlor) officially place your home, land, or investment property into a trust that you create. You choose a trustee (someone you trust or a professional), who manages the property according to your instructions. When you die or if you’re incapacitated, a successor trustee ensures your wishes are carried out-simplifying inheritance and potentially avoiding probate.
Key benefits of a Property Protection Trust include:
These worries are more common than you think. Many families fear that their legacy could end in legal battles or government claims. A Property Protections Trust offers relief by transferring property into a trust structure, so it’s governed by the terms you set-not a judge.
This peace of mind is why the Property Protections Trust concept appears repeatedly in real owner concerns.
Does a Property Protection Trust replace a will? Not exactly-it augments it.
If I already have a will, do I still need a Property Protections Trust? Probably.
How does a Property Protection Trust save my family time and money?
Let’s imagine a common situation: A couple jointly owns their home. One of them passes away and leaves everything to their spouse. Years later, the surviving spouse remarries. If they then pass away, the house might legally pass to the new spouse or even their children-completely bypassing the children from the original marriage.
This happens more often than people think.
By setting up a Property Protections Trust, you protect your share of the home from being redirected-intentionally or unintentionally-and ensure that it’s ultimately passed on to your chosen heirs.
When you create a Property Protection Trust within your Will, your share of the home is placed into the trust upon your death. Your surviving partner can continue living in the property for life (known as a ‘life interest’), and only after they pass away does your share transfer to your chosen beneficiaries.
Here’s a simple breakdown:
This structure offers long-term security for your family without forcing your partner out of their home.
Common Questions We Hear About Property Protection Trusts
Can You Still Move House If You Have A Property Protection Trust?
Yes. A Property Protections Trust doesn’t lock you into one home. If you decide to move or downsize, the trust’s share transfers to your new property, keeping your portion protected as intended.
Does A Property Protection Trust Affect Inheritance Tax?
A Property Protection Trust doesn’t directly reduce Inheritance Tax but ensures your share goes to the right people. For tax planning, other trusts and strategies can be used alongside it. At Will 4 Less, we’ll guide you clearly on the best options.
Is A Property Protection Trust Right For You?
We explain every step in everyday English, and what your options are when you appoint executors, name guardians , and distributing your assets assets as set out in your Single Will.
Is it expensive to set up a Property Protection Trust?
Not as much as you might think. At Will 4 Less, we pride ourselves on offering affordable and transparent pricing for all estate planning services, including Property Protections Trusts.
Yes-your trust can be tailored or updated if your circumstances change. We’re here to help you adjust it as needed
Ready To Secure Your Family’s Future?
Contact Will 4 Less to discuss how a Property Protection Trust can keep your family home safe for the people who matter most.
