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Message Board >
Putting Your Trust in a Trust
Putting Your Trust in a Trust
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cramerjohn004
107 posts
Nov 10, 2022
10:57 AM
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The trustees are usually the children, and they cannot evict the former owners. Hence, there is a guarantee for the former owners to live in the house as long as they live. The greatest benefit associated with the Family-Home Protection Trust is that it offers a home protection plan, which guarantees that home will not be applicable to probate upon the death of the former owner.
After the death of the former owners of the house, the trust allows the trustees to transfer the home in their own name. Whether they sell the house, or transfer it to their own name is up to the trustees. This can be done immediately after the death of the former owner, and there are no probate formalities on death that have to be fulfilled.
All this means that if you are old, and are about to go into care, and are worried about your home, which has been your investment throughout life, you do not have to worry about the home going to the local authorities, because of the services offered by a Family-Home Protection Trust.
If you are in a kind of situation that you are considering getting a home protection plan from a trust Family Office, you should first find out such a plan that is suitable for you. You can do this easily by contacting a Family-Home Protection Trust, and find out the rate at which, they offer their services, and what the terms, and conditions are.
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1 post
Nov 10, 2022
3:49 PM
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7:19 PM
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1 post
Nov 10, 2022
10:13 PM
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