Trusts are a valuable tool, one of which is Property Trusts which cater for those who are concerned about the value of their property being reduced or lost should they have to go into care and be responsible for and have care fees to pay. A Trust is created and contained within the Wills of both parties and, upon the death of the first party, their share in the property automatically passes into the Trust. The remaining share remains in the ownership of the surviving party who, under the terms of the Trust, is permitted to live in the property for the rest of their life (they are able to move to a new property and the new property would then be subject to the same terms under the Trust). Property Trusts are advantageous because when an assessment is carried out to ascertain the ability to pay any care fees, only that half share that is held is taken into account. They are also useful on second marriages where both parties want to benefit their own children. Property Trusts are, however, only available for couples whether they are married, civil partners or co-habiting couples who jointly own a property or where the property is held in the sole name of one party but is occupied by both. There are a number of ways in which to protect your assets, to ensure that they benefit those whom you intend. Discuss your circumstances with us and we can advise if we would recommend the establishing of a Trust for you.