Property Trusts Another method of protecting the value of a property from being wiped out by care home fees is to set up a trust arrangement. People cannot be ejected from their home to pay for the care fees of their partner. However, if one partner dies and the surviving partner needs to go into care, all their assets and property could be used for payment – until only £10,000 remains! To avoid this situation, you can draw up a will which incorporates a property trust. Within this will, each partner leaves their half of the house in trust for the children or other nominated beneficiary. That half cannot be claimed, however, until the surviving partner dies. Although the surviving partner would have full use of the trust half of the property, he or she would not own it and the local authority could not claim it for care cost fees. 'Financial planning' Home page Long term care insurance Equity release plans Finding an Independent Financial Adviser Inheritance Tax planning Major insurance companies

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