Property protection trust?

[Kougarchew]

my friends have tole me that their parents have left their houses to them ‘ in their name ‘ .. i am not aware of this option ?
We are seeing a solicitor next week to do our wills .. at the introductory conversation , this was not something she ?
is the nearesr thing to this a ppt? So that half the assets are saved for the next generation ?
This is all new to us !

We have both left our half of the house directly to the children, with the remaining Spouse having a lifetime interest .

Thank you. Did solicitors arrange ? Will request same .

Our ppts are written into our wills. They had to check we held the house in the right way first. Yes a solicitor will help - we used a will writer.

I'm also a trustee of a ppt as my mum had one in her will and we sadly lost her last year. My brother and I cannot do anything with it yet as dad has rights to live here, sell etc until anything happens to him.

PPT, aka life interest trusts, are frequently used for step families to avoid the risk of a step parent disinheriting the spouse's children, and also for people concerned about care fees.

I write lots of wills with this type of trust, they protect each spouse's share of the home for the kids, whilst at the same time ensuring that the spouse has the security of a home (or rental income if that's what they prefer), for life.

The house needs to be held as tenants in common for the trust to take effect, and I sort out the severance of joint tenancies where necessary.

The trusts aren't suitable for everyone but your lawyer will be happy to advise, I'm sure.

Thank you . We are keen to protect our dc as my df failed to account for the facr that our step mum may disinherit us which has had huge impact on the family sadly.

It can definitely be done , you need a mirror will .
We did it to protect the children's inheritance, you just don't know if the remaining partner will re marry and as you say the new spouse would get everything.