1. What is a Property Protection Trust Will?
A Property Protection Trust Will (PPTW) is commonly used by couples that allows you to preserve your property assets for your loved ones to access after you die.
2. What does a PPTW do?
A Property Protection Trust Will is used to outline who you want to benefit from your real estate after you pass away, usually spouses and children. When signed by couples, a shared property is split equally and after the first death, the deceased partner’s share is placed into a trust.
With half of the property’s value placed into a Trust, the remaining partner is still able to live in the property until they pass away. Once both spouses have passed away, the property will entirely pass to the chosen beneficiaries.
3. How much does it cost?
Preparing a Property Protection Will with Zen Legal costs £689 for a couple. Our main priority is to support you to get the protection in place for your legacy.
4. When does the Trust start?
A Property Protection Trust will be initiated upon the passing of the first partner and will remain in effect until both partners are deceased.
5. 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 will be divided to the same value as the original.
6. 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.