GETTING THE BEST FROM YOUR WILL

Couples Who Own Their Home

A couple´s Wills are essential to ensuring their wishes are fulfilled on death and that their loved ones are left with the minimum stress. However, with an appropriate trust or combination of two trusts in their Wills they can obtain very significant other benefits.

Long Term Care Costs

 With a trust in their Wills and the house ´in common´ rather than ´joint´ ownership, couples can protect assets from having to fund long term care costs in the future, including protecting the home against an enforced sale.

Inheritance Tax: The tax advantage of having a trust in Wills can start when a couple´s combined estates exceed £325,000, whether the couple are married or unmarried. Married couples have the potential to avoid all tax with the combination of two trusts in their Wills, no matter how large their estate.

Protect Any Children´s Interests

Assets left in trust for the ultimate benefit of the children, including a deceased partner´s share of the house, cannot be prejudiced by the surviving partner´s future actions, for example, as a result of their taking a new partner. The surviving partner remains free to move house, whilst the debt to the trust will need to be repaid at the time of their death, or earlier if that suits the parties.

Wills with Trusts offer valuable benefits but they must be set up correctly, so it is essential to obtain expert guidance. We provide this service locally together with Probate

Services and Lasting Powers of Attorney, for a very competitive fee.

Provider of solicitor´s IN-HOME Will writing services locally in Luton,Dunstable,Bedfordshire and all LU Postcodes.