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Putting you house in a trust.

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Floradora9 Wed 20-May-26 21:38:46

There was an article in the Sunday Times about how much families were having to pay to dissolve trusts . I still see companies offering these kind of trust and people think it will save them from paying care home fees but it is a really bad thing to do . Many years ago we were approached by a financial advisor who wanted to sell us a pre paid funeral plan despite me telling him before we did not want one . He was also plugging a trust for keep our house apart from our finances. It was going to cost £2,000 to set this up and when I asked him how many of his clients had benefited from doing this he had to admit that they were all still alive so he had no idea. I am so glad we did not fall for his sales talk .

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LadyGaGa Wed 20-May-26 22:59:31

This happened to us too. We had someone come to our house to make a will. I don’t consider us to be ill informed or vulnerable, but this very nice young chap talked us round in circles. We ended up agreeing to a trust- can’t remember exactly how much it was but it was around £4000. Once he had gone we both looked at each other and realised we had made a big mistake. We had 14 days to change our minds - we did so straight away. We were made to feel that we had wasted everyone’s time and it was not a pleasant experience. We had a lucky escape.

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Allira Wed 20-May-26 23:25:55

It seems to be the latest sales gimmick. Someone came to a local Probus group here, all older retired men, to give a talk on wills and this was included. He was eager to make appointments and visit people at home to discuss this further.
We cancelled.

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