We know how important your assets are to you. Ensuring that you have a properly written Will is the best way to ensure they are protected as far as possible. This applies not only to you, but to your partner or spouse, if you have one.
Many couples own their property as ‘joint tenants’ which means that following the first death, the property is passed to the surviving spouse/partner, which increases the surviving spouse/partner’s assets when considering future care costs. If you choose to change ownership to ‘tenants in common’, the share of assets from the death of the first spouse/partner to die are passed to their named beneficiaries, such as children, which means that only the surviving spouse/partner’s assets can be considered for care costs.
There are ways that you can protect your assets, but it always advisable to seek proper legal advice before making any changes.
Wills, probate and trust
