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Impact of Jointly Owned Assets... | The Asset Protection Guy
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Your home is at risk of you own it jointly from attackable events such as care fees. Fourty thousands homes are sold every year in the UK to pay for care because they are owned to wrong way. If you own a property with someone else you need to be owning it tenants in common if you want to protect it. It also allows you to pass your half to whom you wish via your wishes in your will. A trust is ideally needed to hold the individual half on death so it’s not passed back to the survivor and is fully
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The plan is to eventually add a DAPT (domestic asset protection trust) to this structure as well for another layer of protection ‼️‼️ If you’re a real estate investor wanting to structure your investments and life insurance to ensure generational wealth - set up a consultation with my office today #assetprotection #trustattorney #holdingcompany #estateplanning #realestateinvesting | Chanise Anderson Wealth & Asset Protection Attorney
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