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Estate Planning for Park Home Owners: What You Need to Know

Kylie Cox
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In and around North Somerset, park homes are a popular choice for many residents, offering a unique lifestyle, a sense of community and a way to enjoy the beautiful coastal views and the countryside the South West offers. However, when it comes to estate planning, owning a park home introduces some unique considerations. If you or a loved one resides in a park home, it’s essential to understand how these properties are treated under inheritance laws and how you can plan effectively to protect your assets and loved ones.



What Makes Park Homes Unique?

Park homes differ from traditional brick-and-mortar properties in several ways:

  1. Ownership Structure:

    • Park home owners typically own the home itself but not the land it sits on. Instead, they pay ground rent or pitch fees to the park owner.

    • This arrangement means park homes are not classified as real estate but as personal property, which affects inheritance planning.

  2. Limited Legal Protections:

    • Unlike freehold or leasehold property owners, park home residents are subject to different legal protections under the Mobile Homes Act 1983.

  3. Potential Transfer Complications:

    • Transferring ownership of a park home after death can be more complex due to agreements with the park site owner.


Challenges in Estate Planning for Park Home Owners

1. Limited Property Rights

Since park homes are classified as personal property, they don’t automatically fall under the same inheritance rules as real estate. This can create confusion when passing them on to loved ones.

2. Agreements with Park Owners

Many parks require new owners to meet specific criteria or seek approval from the park owner before transferring ownership. This can delay or complicate the inheritance process.

3. Tax Implications

While park homes are exempt from stamp duty, they are still considered part of your estate for inheritance tax (IHT) purposes. Proper planning is essential to minimise tax liabilities.

4. Disputes Among Beneficiaries

If multiple beneficiaries inherit a park home, disagreements may arise over who should retain or sell the property. These disputes can be avoided with clear instructions in your Will.


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How to Plan Effectively

1. Write a Comprehensive Will

A Will is the cornerstone of any estate plan. When drafting your Will as a park home owner:

  • Specify who should inherit the home and ensure they meet any park site requirements.

  • Include instructions for the sale of the home if the beneficiary does not wish to keep it.

  • Consider appointing a professional executor to handle any complexities.

2. Explore Trusts

For some park home owners, a trust can provide additional protection and flexibility. Trusts can:

  • Help avoid disputes among beneficiaries.

  • Provide for vulnerable or minor beneficiaries without passing ownership outright.

  • Minimise inheritance tax liabilities in certain circumstances.

3. Review Pitch Agreements

Ensure your pitch agreement is up to date and does not include any clauses that could complicate inheritance. Understanding your legal rights under the Mobile Homes Act 1983 is crucial.

4. Seek Professional Advice

Navigating the nuances of estate planning for park homes can be challenging. Consulting with an estate planning solicitor ensures your assets are protected and your wishes are carried out efficiently.


How Toucan Law Can Help

At Toucan Law, we understand the unique challenges faced by park home owners in North Somerset. Our team specialises in:

  • Drafting Wills tailored to park home ownership.

  • Advising on trusts and inheritance tax planning.

  • Ensuring your pitch agreement aligns with your estate planning goals.

  • Providing friendly and expert guidance to protect your legacy.


Whether you’re new to park home living or have been part of the community for years, we’re here to help you plan for the future with confidence.


Take Action Today

Don’t let the unique challenges of park home ownership catch you or your loved ones off guard. Contact Toucan Law to discuss your estate planning needs and ensure your assets and wishes are protected.

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