Property is often the most valuable asset in an estate, and the one most likely to create complications. Without proper planning, your property could be subject to inheritance tax, vulnerable to care home fee assessments, or distributed in ways you wouldn't want.
Key Risks for Property Owners
- • Inheritance tax on estates over £325,000 (£500,000 with residence nil-rate band)
- • Care home fee assessments against property value
- • Sideways disinheritance if a surviving spouse remarries
- • Probate delays and costs
Protective Measures
Property protection trusts, lifetime trusts, and careful will drafting can all help protect your property and ensure it passes to the people you choose, in the way you want.