Assured Wills

The vast majority of people who co-own their homes do so as Joint Tenants. This means they share equal ownership of the property and have the equal, undivided right to keep or dispose of the property.

When one of the joint owners passes away, the property automatically passes to the survivor who can do what they want with it. It’s a simple process, however problems arise for two main reasons.

1) If the survivor then remarries, (and remarriage rates are currently at about 40%) and then subsequently passes away, it is possible that the whole of the house will then pass to their new spouse leaving the original children disinherited.
2) If the survivor has to go into a Nursing or Residential Home, as the sole owner of the property, the Local Authority has powers to charge the cost of care against the value of the whole house, again disinheriting the children.

Protective Property Trust Wills (For A Couple)

Service Includes:

Information/advice For Executors, Guardians, Trustees
Free Consultation (Includes Explaining How The Trust Works And Answering Any Questions)
Free Home Visit To Collect Your Instruction
Land Registry (Fees Paid And)paperwork Prepared For You To Sign
Paperwork Submitted To Your Local Land Registry Office (Severance Of Tenancy Included)
Final Will And Deed Of Severance Produced For Signing
Free Witnessing Costs
No Vat
Full Will Checking Service And Insurance Guarantee

Typical Price: £595.00 Per Couple (Including Severance of Tenancy)

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Don’t despair, all of these problems can be resolved

By simply changing the method of ownership, a couple can own the property as Tenants in Common. Under this ownership, each partner owns a distinct proportion of their property (usually 50% each) and by using a Property Trust Will can give their share on their death to whoever they choose. Typically this will be to their own children to guarantee their inheritance. The survivor can continue to live in the house and have legal protection to do so.

Under this system, if the survivor remarries the children’s half is safe. Later in life if the survivor is unwell the children’s half can’t be touched by means tested assessments for care.

Remember, if you have a simple will and own your property as joint tenants there is no guarantee that your children’s inheritance will be fulfilled. Remarriage or illness in later life can seriously affect your inheritance planning.

The vast majority of people who co-own their homes do so as Joint Tenants. This means they share equal ownership of the property and have the equal, undivided right to keep or dispose of the property.

Protective Property Trust Wills (For A Couple)

Service Includes:

Typical Price: £595.00 Per Couple (Including Severance of Tenancy)

Don’t despair, all of these problems can be resolved

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