Most parents, at some stage in their lives, consider what provisions they would like to make for their children on their death, therefore some thought should be given in order to establish that there is some protection around those funds to ensure that they are not lost.
Everyone seems to have a family trust nowadays – do you have one (or if you have) how do you know if it’s still relevant and appropriate for your individual situation? The answer depends on your circumstances. Trusts are generally set up to protect assets and look after dependent people. They can have a valuable role to play, but they are not suitable for everyone.
Protecting vulnerable people – can they sign? A guest article by Murdoch Price Solicitors. A Power of Attorney is a document in which you ask someone you trust to act on your behalf as regards your personal affairs. The difference between an “enduring” power of attorney and an ordinary one is that the former continues even after..