Trusts are a centuries-old part of English law, and are still used today to protect properties and other assets from various threats, and ensure that the asset is available to its beneficiaries into the future.For most people, the biggest asset they own is their home, and this forms the bulk of any potential inheritance for their children & grandchildren. Therefore, putting the property into an Asset Protection Trust should be something all homeowners do, after all, you've worked hard to buy the house, you wouldn't want it to slip through the fingers of your loved ones should a divorce or bankruptcy occur once they've inherited.

Some people have asked us whether they can use an Asset Protection Trust to avoid paying for social care fees, should they go into care when they are older, and if that is your sole motivation for creating the Trust the answer is "no".

The rules are clear when it comes to deliberate deprivation of assets.

However, assets placed into Trust due to other circumstances, such as wanting to reduce complexity of estate administration after death, protecting inheritance for loved ones from various threats, or wanting to provide an income for beneficiaries after your death for example, could be ignored as part of a Local Authority finance assessment, provided that there was no foreseeable requirement for care when the assets were placed into the Trust.

Contact us today to find out more about how to protect your assets with a trust: