Warning over Property Protection Trusts

Property Protection Trusts, often referred to as Asset Protection Trusts or Wealth Preservation Trusts, are commonly marketed at a cost of thousands of pounds as a way of potentially preventing a person's assets from being taken by a local authority to pay for their residential or nursing care. Such trusts are essentially Lifetime Discretionary Trusts, whereby an individual transfers all of their assets including their home, savings and investments into the trust for the benefit of their heirs. The idea being to reduce that person's assets held in their own name to below the Upper Cap...