At Fergusson Law, our solicitors believe every adult should consider granting a Power of Attorney. This legal document allows you to appoint someone you trust to look after your finances or personal welfare if you become unable to do so yourself. You can also create a combined Power of Attorney that covers both finances and health.
It is important to appoint someone you trust while you are still healthy and able to do.
We can offer our Power of Attorney services for a fixed fee.
What is a Trust? Trusts are established to provide legal protection for the trustor’s assets, to make sure those assets are distributed according to the wishes of the trustor, and to save time, reduce paperwork and, in some cases, avoid or reduce inheritance taxes. Why should you set up a Trust? Setting up a trust can help to protect your assets and save tax at the same time. For example, you might want to give your grandchild a lump sum, but not want her to spend it on the wrong things. By putting the money in trust, you can be sure that your grandchild will benefit from the money. Your appointed Trustees will manage the funds so that they are spent in line with your wishes. You could also benefit from a tax saving. How do you set up a Trust? A private client solicitor can set up and administer a trust. They will provide expert legal advice on what needs to be done to protect your assets and reduce inheritance tax. If you die within 7 years of establishing a tru...
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