Estate Planning and Will Writing Specialists
Protective Property Trusts
Magna Carta Wills Limited
Potentially saving your family thousands.Both owners leave their share of the house in the Trust.
The Trust is a separate legal entity (like a Ltd. Company) managed by Trustees.It safeguards the surviving co-owner (The Trust allows the surviving co-owner to live in the house for life).
The Trust allows the surviving co-owner to use money in the Trust to buy another house, or to use their half and take an income from the other half for life.
Trustees have to agree where discretion is allowed. A minimum of two trustees is required.
Less than half the value of the house would be taken into account for means test by the Local Authority. In recent years up to 100,000 homes have been sold each year to pay for care.
Additionally benefits partners in second marriages as the deceased partners children can be left half the house. (Otherwise surviving partner can change their Will to leave only to their own children, or to a new partner).
A way of protecting YOUR interest and ensuring it goes where YOU want it to.
How We Work
We offer free, no obligation home visits.
Our associates are all fully qualified Paralegals and members of the Institute of Paralegals.
They will take your instructions and offer advice where necessary, in a clear jargon free manner and explain any legal implications of your requirements.
We make a donation of £5 per Will we write to charity.
Each Will we write comes with
£1 million of Professional Indemnity Insurance for your peace of mind.
For further information please contact us.
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