What is a Property Protection Trust Will? 

A Property Protection Trust Will (PPT) is a legal document commonly used by couples – it allows you to preserve your property assets for your loved ones to access after you die. 

What does a ‘PPT’ do?

A Property Protection Trust Will is used to specify who you would want to benefit from your share of real estate after you pass away – usually spouses and children. When signed by couples, a shared property is split equally. After the first partner passes away, the deceased partner’s share is placed into a trust. It is split by adding a restriction to your property title referred to as ‘tenants in common’ that means no sole person can make decisions regarding the property in order to protect it.

With half of the property’s value placed into a Trust, the remaining partner is able to live in the property until they pass away, this is referred to as a ‘life interest in the property’. Once both spouses have passed away, the property will entirely pass to the chosen beneficiaries or however the Will specifies. 

How much does it cost?

Preparing a Property Protection Trust with Zenco costs £789 for a couple. Our main priority is to support you to get the protection in place for your legacy.

When does the Trust start?

A Property Protection Trust will begin on the passing of the first partner and will remain in effect until both partners are deceased. 

What if I decide to sell the property? 

If you decide to sell the split property and purchase another, the terms of the Trust will still apply to the new property and its value should be divided in the same way as the original (normally as equal shares between couples), provided that you make the new property ‘tenants in common’ when your conveyancer completes the work on it. 

Will the Trust be affected if I remarry?

No. Even if the surviving partner decides to remarry, the deceased’s share of the property is fully protected by the chosen trustees as per the terms of the Trust. With this protection, any children outlined as beneficiaries will receive the full share of property. 

Henry Brown