Property Protection Trust Wills By considering the family home as part of a planning exercise for the future, couples who are either married or living together as partners, can sever the joint tenancy of their family home and set up Property Protection Trusts in their Wills. What is a Property Protection Trust? A Property Protection Trust gives a person’s share in the property by Will to his or her own children, other family members or chosen beneficiaries. This is to prevent the share …
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£12 Million Compensation
The FCA expects lenders to learn the lessons from good and poor practice during the coronavirus (Covid-19) pandemic to help borrowers during the cost-of-living squeeze. The FCA acted quickly during the pandemic to put in place guidance that led to more than five million payment deferrals for mortgage and credit customers. This was followed by guidance on tailored support. In a report published today, the FCA found examples of firms delivering good outcomes for customers – but others must …
Why you should have a Will
Married people Did you know that if your spouse dies without a Will, you may not inherit the entire estate. It is irrelevant how long you have been married – the rules are set in stone and can be harsh. For example, if the estate, excluding the personal possessions is valued at £570K the spouse will only be automatically entitled to the sum of £420K. This is all very well if the children are your own but what if it is a second marriage and they don’t approve of you? Do this leave you with …