At the same time as setting up this Trust (which is written into the body of the Will) you will sever the tenancy on your property from Joint Tenants to Tenants in Common.
This in effect gives you both an equal 50/50 share of the property. By effecting this it means that on first death, 50% of the property is passed on to the chosen beneficiaries.
Please note that on first death the Trust becomes activated. It would then be very difficult to effect any other secured landing on the property (e.g. increase the mortgage/take a further advance or remortgage). You would also not be able to effect an Equity Release Scheme.
Also all of the Trusts we produce carry £2.5m level of Professional Indemnity Insurance.