Protect tour home from care feesSubmitted By: WTPP of Will Trusts And Probate Practice - Will Writers in Category Type: Business Article Date Submitted: 28-07-2011 16:07:26 OPPORTUNITY TO PROTECT YOUR HOME FROM LONG TERM CARE COSTS ‘I hear that nearly one in three of us is likely to go into care and that well over 40,000 homes each year have to be sold to meet care costs. That is not going to happen to my home if I can help it. Each year I pay to insure my home against fire, earthquake, storm etc, now I realise I need to protect it from the Community Care Act. My home is going into a Trust where it will be protected from long term care fees.’
With a Will Trust and the home owned on a tenancy in common* basis you guarantee that your loved ones will inherit at least your share of the house and any other assets in the Trust. And probably remove any inheritance tax liability. (*If your property is currently owned in sole or joint ownership we can arrange for ownership to be changed to tenancy in common). OPPORTUNITY FOR SINGLES & COUPLES who have no mortgage If you have no significant health issues, a Lifetime Trust offers you the opportunity to protect your property (100%) from long term care costs and guarantee that your loved ones will inherit your house and any other assets in the Trust. Expensive Probate costs are also avoided.
Date Last Modified:- 28-07-2011 16:07:26 |