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Subject Topic: Will writing & Property Protection Trusts Post Reply Post New Topic
PersonRizzo
via mobile 23/2/2022 at 1:33pm
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Has anyone set up a Property Protection Trust? Can anyone give me an idea how much it would cost to set one up as a will add on?


PersonFiona W
via mobile 23/2/2022 at 1:41pm
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Any Trust needs legal advice. I’ve not seen anyone here say they’re a solicitor.

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PersonRizzo
via mobile 23/2/2022 at 2:10pm
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I realise that, if I’ve not made it clear, I’m asking for people’s experience when setting this up to include what they paid.


PersonRatty
23/2/2022 at 2:25pm
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Hiya, a quick search has found this:

Generally, a Property Trust Will costs between £350 and £500 plus VAT. It will cost more for couples registering together than it does for individuals. Usually, this is a fixed fee – a one-off payment for the setup and registration of the plan.

Source: https://ukcareguide.co.uk/protective-property-trust-wills/

Cheers Ratty

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PersonFiznlil
23/2/2022 at 5:42pm
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Last year, we did the whole thing together. Wills for me and spouse, POA's and separated joint ownership of house and put in Trust.
In total for the lot it was £1400

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Personmadz
23/2/2022 at 10:53pm
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It cost us £1290


Personduffs54
via mobile 03/3/2022 at 7:41am
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We had one done, both putting our 50% of property in a trust for the 4 kids, my 2 and Malcs 2, £700. It protects it against the gov taking it, but sadly Malcs now passed so his half is safe for his kids xx

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PersonMitchamitri
04/3/2022 at 11:30am
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Theres an advert on where a couple are at a will reading and it's "You are also helping........" but I must admit the strategy of charities of do free will writing if you leave them something is, I feel, in quite poor taste.

Ironically its a charity we specifically support and have given lots of donations to, but they arent chasing my Estate after I die (charities are known to aggressively chase the legacies of the deceased).

I wonder how PPT's relate (if at all) to standard wills where charities are assigned value from the estate?


Personjsparkes201148
26/3/2022 at 10:20pm
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We did it a couple of years ago, it was about £1000 and included new wills.


PersonDeborahTurner
via mobile 02/4/2022 at 12:25am
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Quote: Originally posted by Mitchamitri on 04/3/2022
Theres an advert on where a couple are at a will reading and it's "You are also helping........" but I must admit the strategy of charities of do free will writing if you leave them something is, I feel, in quite poor taste.

Ironically its a charity we specifically support and have given lots of donations to, but they arent chasing my Estate after I die (charities are known to aggressively chase the legacies of the deceased).

I wonder how PPT's relate (if at all) to standard wills where charities are assigned value from the estate?


Personally I think the free wills thing works well, and if you just leave them the cost of getting a will done, it is actually the solicitors working pro Bono that make the charitable contribution.

Charities are bound by law to pursue monies owed to them because the Trustees must act in the charity’s interest, so they will make sure that bequests are paid to them as willed. Not sure that that is ‘aggressive’.


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PersonMitchamitri
04/4/2022 at 8:04am
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There are ways of doing these things rather than just the things that need doing. The letters my friend recieved immediately as his Mum died (and the direct debits stopped and their share of the inheritance was due) could be described as tactless and the "impatient pursual" of that money until the property could be sold and the cash freed up as "distasteful" to say the least.

Speaking of which, I had a phone call a month or so ago from a "Solicitors" claiming my Dad owed them money when he died so were recovering it from his estate. We wouldnt have fallen for it, even if we hadnt had probate and run his finances for so many years, but I couldnt be sure that someone more vulnerable, at such a point of stress in their lives, would not have fallen for it. These people clearly sleep at night but I hope where they end up is trapped in a cycle of burning hell. I consider myself pretty solid but even I found it upsetting.

Post last edited on 04/04/2022 08:14:02


PersonDeborahTurner
via mobile 04/4/2022 at 10:08am
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I agree, matters should always be dealt with with sensitivity and tact.

Horrifying that scamsters and thieves attempt to capitalise on the confusion of grief.



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