We saw a couple recently. The wife had dementia and despite advice, the husband was determined to leave everything to his wife, if he died first.
If that happened and his wife inherited, and then ended up in long term care, their only daughter’s inheritance could be severely depleted, due to the impact of long term care fees.
With the inclusion of some trust wording in the husband’s Will and a change in the way the matrimonial home is owned from joint tenants to tenants in common, we could have guaranteed at least 50% of the value of the property would eventually pass to the daughter.
Without the inclusion of the above trust wording, if the husband dies first and the wife inherits and then ends up in long term care, the whole value of the property may be eaten up in care costs.