Home Protection Trust
Why to get one?
Most people want their home to pass to their children or grandchildren—but even with a will in place, things don’t always go to plan.
If your child divorces, faces financial difficulties, or needs care, the family home could end up with someone else. In fact, there are many reasons why a property might be lost to a third party.
A Home Protection Trust helps keep things simple. It lets you stay in control of your home while adding an extra layer of protection—making sure it stays in the family for up to 125 years
What are the benefits?
Reduce Costs and avoid care fees
Where a property is transferred into a trust during a client’s lifetime, the costs involve in estate administration following their death are significantly reduced.
Where a beneficiary requires either residential or nursing care in later life, the family home (or proceeds of sale) could instead pass to the local authority to cover their care fees. By putting a Home Protection Trust in place this could be avoided
Trustee Control
As life changes, managing a property can become more challenging. Having trustees in place means you have extra support to help look after your home—while still keeping control.
Whether it’s handling paperwork or making important decisions, trustees can lighten the load and ensure your home is managed in the best way for you and your family
Bankruptcy
After inheriting property, if a beneficiary later has financial difficulties or they have to go through bankruptcy, the property may be lost to the beneficiary’s creditors. A Home Protection Trust can help to avoid this
Making things easier for your family
When a property is part of an estate, there’s a lot more to sort out. But when it’s held in trust, everything becomes quicker and simpler.
Assets in a trust don’t have to go through probate, which means less stress, less paperwork, and fewer delays—giving your family one less thing to worry about at an already difficult time.
Protecting your home from future divorce
If a beneficiary gets divorced after inheriting property, there’s a risk that part of it could end up with their former spouse.
With a Home Protection Trust, you can help safeguard your family home, making sure it stays with the people you intended—no matter what happens in the future
Making sure your wishes are followed
Not everyone wants to leave their estate to their children—but under UK law, children have the right to challenge a will and make a claim against the estate. In many cases, these claims can be successful.
Assets held in a trust are much harder to contest. This means your property is protected and goes to the people you choose—just as you intended