Protecting your assets by trust

When you have paid off your home after many decades of investing money in it, the last thing you want is to happen is for it to be taken away.

But, for the majority of homeowners in Scotland this is inevitable – unless you protect your property.

That’s because if you, or your spouse, needs to go into care, then the local authority is legally able to seize your assets (that includes any property you own and your savings) to pay for the care home fees.

On average, care home costs amount to £50,000 a year – that’s a huge amount of money – but it does not necessarily have to be met by you.

That’s because there are legitimate ways in which you can protect your home from being sold and used to pay any care fees, such as by arranging a trust or a transfer.

Both are daunting prospects, and not everyone is eligible for this protection, but for the majority of people it is possible.the best way of finding out if you can protect your home is by contacting the experts.

ILAWS Scotland has been protecting homes for its clients for many years, saving them hundreds of thousands of pounds, but perhaps more importantly, preventing their homes from being sold.

Call ILAWS today to see if you are able to protect your home from being siezed to pay for care home fees.