- Jul 10, 2003
- 27,950
Mrs and I are just redoing our wills. Our solicitor has also suggested one of the ‘lifetime interest trusts’ that as you say once the first of us turns up our toes their share of the house goes into trust for the kids and is supposedly untouchable for care home fees etc that may one day be needed by the survivor.
It sounds tempting, but like all things it sounds too good to be true. There must surely be pitfalls, or am i just being my normal overly suspicious self?
We have exactly this on our property for our two kids. Take advice, but it does exactly what we wanted