Lifetime Asset Protection Estate Planning
Can I Protect a Home from Potential Care home fee costs?
Lifetime Asset Protection Trusts can be used as part of an individual’s Estate Planning Strategy. These Trusts are available for people who wish to place the family home into Trust in their lifetime.
Lifetime Asset Protection Trusts can help to protect property assets for future generations from the following situations:-
- Taxation & Generational IHT
- Care Home Fees
- Probate Fees
- Costs & delays from the court of Protection
If you are considering placing assets into a trust in your lifetime It is important to obtain professional advice.
You will need to consider the possible implications such as deliberate deprivation of assets. Along with government and local authority means testing.
For more information on Life Time Asset Protection Estate Planning or to arrange a free confidential Estate Planning consultation please contact us via our Contact Form