07/04/2025
🏡 Could a Protective Property Trust in Your Will Help Avoid Care Home Fees🏡
At Matrix Estate Planning Limited, based in South Anston, Sheffield (S25 5FL), we specialise in helping families safeguard their future through thoughtful estate planning. While many wonder whether a Protective Property Trust can protect their home from residential care home fees, the answer is potentially yes—but it’s important to understand that there are no absolute guarantees.
Here’s how it works: By placing 50% of a property into a trust upon the first death, with the survivor granted a guaranteed lifetime tenancy, the local authority might consider this share as having no commercial value during their financial assessment for care fees. As a result, the property may be excluded from calculations. However, this outcome is not guaranteed and depends on individual circumstances and local authority assessments.
The process requires careful planning. Your will must be correctly drafted to sever the joint tenancy, creating a tenancy in common with a 50% share each. This ensures that on the first death, half of the property goes into the trust, providing security for the survivor until they require full-time care or pass away.
Estate Planning Practitioner Graham Hinitt is here to guide you through these complex decisions, ensuring your will is tailored to meet your needs and offer the best possible protection for your family.
📞 Contact Matrix Estate Planning Limited today to learn more about how a Protective Property Trust can be part of your estate planning strategy.
