Protection of Main Residence

Protection of Main Residence (NRB)

Couples who have worked hard all their lives to own their own home normally expect to be able to leave their Main Residence to their loved ones.

However, if you are forced to go into a Care Home your Local Authority can charge the cost of staying in a Care Home is around £800 a week (£41,600 a year) to the person in Care’s savings. If they do not have sufficient savings, a debt repayable to the Local Authority which must be paid when your home is sold is created. If your partner is also forced to go into a Care Home the Local Authority can charge a further £800 per week (£41,600 a year) to pay for their care. This could result in the amount of money your family inherit being reduced by a rate of over £1,600 a week (£83,200 a year) dramatically.

Protection of Main Residence NRB (Nil Rate Band), seeks to ensure your family inherits your home, by reducing the need to pay expensive Local Authority Care Home fees. This objective is achieved by a careful combination of Severance of Tenancy and either a Will Trust or preferably Wealth Preservation Family Trust.

Property values are currently increasing by upto 16% per year and there is little sign that this level of increase will not continue for many years to come. If your estate including the value of your Main Residence could be worth more than £325,000 by the time you die, Protection of Main Residence (NRB) can also be used to remove the need to pay any Inheritance Tax completely or to reduce the amount of Inheritance Tax that will need to be paid before your family inherits your estate.

We provide professionally drafted and fully insured Protection of Mail Residence (NRB) Packages at very reasonable prices.

However, if you purchase either of our Standard Death Planning, Total Lifetime Planning or Inheritance Tax Planning Package you will receive a free Protection of Mail Residence (NRB).


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34 Clarence Street, Southend-On-Sea, SS1 1BD

Telephone: 01702 414 100