Page 9 - Finance North - E State Planning Service
P. 9
Typical solution
for single person
with Asset Protection
Trust
Property
Other
Assets
Will
During lifetime
Home conveyed
into trust
Family PPP
Trust(s) Trust
During the client’s lifetime the property is
passed into a Probate Preservation Plus
Trust (PPPT). Where they continue to live in
the property as before and able to move home
in the future. In the event they enter care, the
property is not in their Estate and therefore
Marriage after Death cannot be means tested. All other assets are
passed into a Family Trust via a Will.
Care Costs
The Department of Health state: “The timing of
Divorce the disposal should be taken into account when
considering the purpose of the disposal. It would be
Creditors/Bankruptcy unreasonable to decide that a resident had disposed
of an asset in order to reduce his charge for
Generational IHT accommodation when the disposal took place at a
time when he was fit and healthy and could not have
Residence Nil Rate
foreseen the need for a move to residential
Band accommodation.”
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