Care Fee Trust Wills
Create a Trust for half your property to help protect against care fees assessments
What's On This Page?
Get In Touch
Prompt, stress-free, affordable
1. Get in touch
Call us on 020 8568 9602 to arrange a telephone, video or home appointment from one of our expert consultants. Or enter your details here and we’ll call you back.
2. Appointment
At your appointment, our expert consultant will listen, identify your needs and give information on the right Will for you. Our service is free, and a fee requested only if you decide to proceed with legal documents.
3. Your Will
Your draft Will is written by Will Power according to your wishes and sent to you for approval. Once you have approved the draft, the final version is posted to you for signature and witnessing.
Put half your property into a trust to protect yourself against care costs
It’s one of the biggest fears an ageing couple can have. What happens when one of us dies and the other has to go into a home?
Will our legacy be swallowed up by the cost of their care?
It’s true that your assets, including your family home, can be used by your local authority to pay for your long-term care.
But there is a way to keep the council from taking half of those assets – and that is to make a Will that puts 50% of your shared property into a Trust when the first partner dies.
That half will then be protected for your children or other beneficiaries when you have both died, which means a local authority will not be able to use it to pay for your care.
You get the peace of mind that comes from protecting your assets and preserving the inheritance from the family home for your chosen beneficiaries.
Why You Need to Protect Your Assets
Under UK law, a local authority can use the value of your property to pay for residential care. If you move permanently into a care home, the local authority can push for the sale of your house, or charge the cost of care against the property until it is sold.
By drawing up a Care Fee Trust Will, you can protect at least half of the value of your property against this risk.
Speak To an Expert
We talk to you about who you would like to benefit and in what amounts, including specific gifts and any charitable legacies, and then help you create the will itself.
Benefits of a Care Fee Will
- The surviving partner continues to live in the property for as long as they wish and own half of it.
- The trustees are usually family members, which keeps your assets and decisions close to home.
- The surviving partner can move house and use the proceeds from the sale of their half if downsizing.
- Your home is preserved for your beneficiaries, safeguarding their inheritance.
How a Care Fee Will Works
If you own a property together, you can each use your Wills to gift your share in that property to your beneficiaries.
By drawing up a Will that puts half of the property into a trust, the surviving partner owns only half of that property, with the other half of its value in Trust managed by the Trustees.
Putting Your Property in Trust before you die makes sense
After your partner dies, you may be tempted to pass the ownership of your home to your children – but it might be too late. If the transfer takes place within six months, the local authority may still treat the property as yours.
And if the council suspects the home was transferred simply to avoid paying care fees, they may come after you for those costs.
Our experts can explain the benefits of Care Home Will very simply – call to arrange an appointment
