WillPack

How is a Property Protection Trust (PPT) Taxed?

How is a Property Protection Trust (PPT) Taxed

Many queries we deal with at WillPack concern tax. Often, we are asked what can be done when drafting the Will to mitigate tax. This article will deal with the issue of tax from a slightly different perspective, setting out the tax consequences of a Property Protection Trust (PPT) once the testator has died and … Read moreHow is a Property Protection Trust (PPT) Taxed?

Reasons to Use Protective Property Trusts

Reasons to Use Protective Property Trusts

What are Protective Property Trusts? Protective Property Trusts (PPTs) are one of the most widely used trusts in wills today. The trust will usually take the deceased’s share in their main residence and give another person known as the life tenant (usually a surviving spouse or civil partner) a life interest in the property. This … Read moreReasons to Use Protective Property Trusts

Joint Property Ownership

little house

Joint Property Ownership   There are two ways in which property (in this context we are referring to real estate or land) can be held; either as beneficial joint tenants or tenants in common. Where property is held as beneficial joint tenants the asset will pass automatically to the surviving owner(s) on death. This means … Read moreJoint Property Ownership