Best Financial Advisors in Chessington

Protective Property Trust Trust & estate planning go hand in hand when it comes to safeguarding your assets for future generations. Protective Property Trusts (PPTs) are highly recommended and widely used in wills as part of a comprehensive trust & estate planning strategy. The PPT is specifically designed to secure the deceased’s share in their home and provide the life tenant with a lifetime interest in the property. This ensures their protection and allows them to continue living in the property until the end of their life or an earlier specified condition, such as remarriage. Importantly, the PPT also guarantees that in the event the surviving spouse requires long-term care, at least half of the property is preserved for the benefit of the beneficiaries, who are usually the deceased’s children. These types of trusts are particularly suitable for married couples or civil partners as they ensure that the share of the home ultimately passes to the children at the conclusion of the trust period, while still protecting the interests of the surviving spouse. For instance, let’s consider a married couple with no prior marriages who would like to leave their share of the house to their only child. Currently, they own the house as joint tenants. To implement their trust & estate planning strategy, their Estate Planning Consultant would sever the tenancy, registering each of them as 50% owners.