🏡 Protecting Your Home & Loved Ones: Understanding Property Protection Trusts (PPT) 🏡
- Anna Kmiec
- Mar 22
- 2 min read
A Will does more than just distribute assets—it can protect what you leave behind. Many people know they can gift money or property, but did you know you can also set up Trusts in your Will to safeguard your home?
One of the most common and effective trusts is the Property Protection Trust (PPT). Here’s why it’s worth considering:
✅ Keeps your share of the home safe – even if your partner remarries or needs long-term care
✅ Ensures your children inherit their fair share – preventing sideways disinheritance
✅ Allows a loved one to live in the home – while ensuring your assets are passed on as you intend
How does it work?
A PPT places your share of the property into a trust when you pass away. Your chosen life tenant (often a spouse or partner) can continue living in the home for as long as specified. But ultimately, the property will go to your chosen beneficiaries—usually your children.
Why is this important?
Without a PPT, your assets could be at risk due to:
⚠️ Remarriage – your home could pass to a new spouse, not your children
⚠️ Long-term care costs – your entire property could be used to cover fees
⚠️ Bankruptcy or divorce – your child’s inheritance could be lost in legal battles
Can the property be sold?
Absolutely! A PPT allows the life tenant to downsize if needed, with the proceeds remaining in the trust for future beneficiaries.
What about taxes?
PPTs come with inheritance tax and capital gains tax considerations, but with the right planning, these can be managed effectively.
🔹 Bottom line?
A PPT helps protect your loved ones and your legacy—ensuring your home benefits the right people at the right time.
Thinking about adding a Trust to your Will? Let’s chat! 💬
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