These can help to ensure, as far as possible, that your assets are protected and maintained for your family and loved ones.
In addition a Trust can be used to provide a flexible benefit to more than one person.
Trusts can be valuable planning tools for families and future generations. Our solicitors will advise what is right for you and your family.
It is often believed that Estate Planning is only for the wealthy, but this could not be further from the truth.
In fact, it is important for every person to have a plan whether wealthy or not.
Your estate is simply all the assets you own when you pass away and an estate plan ensures that these assets are distributed according to your wishes once you are gone.
A typical estate plan consists of a valid Will, Lasting Powers of Attorney for Property and Financial affairs and Health and Welfare matters and a living Will.
In simple terms, your estate plan provides a roadmap for honoring your wishes and will save your family and loved ones the financial and emotional expense of trying to navigate without one.
A Lasting Power of Attorney (LPA) is a tool which empowers an individual to make sure their personal wishes are met if they become incapable to make those decisions for themselves in the future. Our team of solicitors can guide you through this complex area of the law.
With financial affairs becoming more and more complex, we ensure that individuals are aware of the choices they have.
We provide advice and guidance on the following:
If you do not have a person who you would trust to take on such responsibility, our Partners are able to be appointed to act as your Attorneys, subject to your instructions. We would assist with managing your finances including payment of bills, housing costs and other expenses.
Enduring Powers of Attorney were replaced by Lasting Power of Attorney for Property and Financial affairs in October 2007.
If you already have an Enduring Power of Attorney, we can provide advice on the terms of that document. If you have been appointed as Attorney under an Enduring Power of Attorney, we can assist in the registration or application, of the power.
If you or a relative become incapable of managing your affairs and there is no Lasting or Enduring Power of Attorney in place, we can assist with applications to the Court of Protection for the appointment of a Deputy to manage your affairs, our Partners can even act as a professional Deputy.
If you are appointed to act as Deputy for someone, we provide advice on the role and responsibilities of a Deputy and assist to prepare the annual report.