Does a Family Trust Protect Assets?
Family trusts are commonly used for a number of reasons, not least to help protect valued assets, such as the family home or hard-earned investments, for both existing and future generations. But does a family trust protect assets effectively? What exactly are the pros and cons of a family trust within the context of asset […]
Family Trust – What is it?
The following guide to family trusts considers what these are, how they work and when you might consider setting one up, not least in the context of financial planning for the future, both during your lifetime and after you die. Family Trust – what is it and why would I need one? A family trust […]
Family Trust Disadvantages
The family trust, when used for the right reasons at the right time, can be an effective way of preserving and protecting personal assets for the benefit of loved ones, both during your lifetime and after you die. That said, as with any type of trust, there can also be a number of drawbacks to […]
Setting up a Family Trust
Setting up a family trust can be an effective way of controlling your personal assets during the course of your own lifetime and upon your death, ensuring that you have a say in exactly who benefits from your hard-earned wealth. It can also be a good way of protecting and preserving that wealth for generations […]
Using Bare Trusts for Grandchildren
Trusts are not simply the preserve of the wealthy, but are also commonly used by families of relatively modest means looking to make provision for their loved ones, either now or in the future. In particular, the trust can be a useful mechanism for a grandparent to invest money on behalf of their grandchildren, typically […]
Lasting Power of Attorney Guidance
A Lasting Power of Attorney (LPA) is a legal document that allows you, the ‘donor’, to appoint trusted people, known as your ‘attorneys’, to make financial or health and care decisions on your behalf. Lasting Power of Attorney guidance: the financial LPA A financial LPA can be used while you still have the mental capacity […]
Power of Attorney Meaning (Attorney FAQs)
A Power of Attorney (POA) is a legal document that allows an appointed person (the attorney) to make decisions for another person (the donor), where the donor needs help managing their affairs or they are no longer able to make their own decisions. If you have been asked to act as an attorney by a […]
Which Lasting Power of Attorney Forms?
If you want to create a Lasting Power of Attorney you will need to know which forms to fill in and what to do next. The following guide looks at which Lasting Power of Attorney forms you will need to complete and how the whole application process works in practice. What is a Lasting […]
Power of Attorney Refund: How to Make a Claim
The following guide looks at the Power of Attorney refund scheme, the eligibility criteria and how to apply. If you applied to register a Power of Attorney (POA) between 2013 and 2017 you may be entitled to some of your money back. The Ministry of Justice has set up a scheme to give a partial […]
How to Apply for Power of Attorney
If you are concerned about the ability of a relative or friend to manage their own affairs or to make their own decisions, where you may need to step in to act on their behalf, there may still be time to make a Power of Attorney (POA). There may be all sorts of reasons why […]
Which Power of Attorney?
There are three different types of Power of Attorney: Ordinary Power of Attorney; Lasting Power of Attorney and Enduring Power of Attorney. We look at the factors determining which Power of Attorney will be appropriate for your circumstances. What is a Power of Attorney? A Power of Attorney (POA) is a legal document […]