- Lasts for up to 125 year less one day
- Must always have at least 2 trustees. (issue remoter issue or charities)
- Reasons for HPT
- Exempt from probate. Saving 4%-7% or more of estate value
- Trust owns the property not the estate.
- Safe from creditors and or new spouse and Trustees’ spouses
- Trustees/Beneficiaries can look after their inheritance
- The Trustees are not able to raise capital without donor permission.
- Donor is the only person able to appoint new Trustee and or remove existing
- Trustee whilst able and willing.
- Trustee spouse is unable to claim benefit from Trust
- As a consequence property is exempt from Long Term Care Fees.