Since 1st October 2007, it is no longer possible to make an Enduring Power of Attorney (EPA). Any EPA validly created prior to 1st October 2007 will however still be valid.
Ola Leslie Solicitors are power of attorney and private client specialists and can assist you with the following (including but not limited to):
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Sadly, there are occasions where one suddenly become mentally incapacitated – possibly as a result of a stroke and when it does become all apparent that help is needed, it is often too late.
In these circumstances, we can assist by making an application to the Court of Protection for a Deputyship – possibly in favour of a trusted family member or a close friend, or another professional.
A Trust for Vulnerable Beneficiaries can be set up for one who is physically or mentally disabled, or for someone under the age of 18 whose parent has died.
In view of this, you may be concerned that people may take financial advantage of him/her after your death; or that they may spend their inheritance unwisely. In other circumstances, the beneficiary might be in receipt of means-tested state benefits which could be at risk following an outright inheritance, or they could be affected by relationship problems that make such an inheritance inappropriate.
With these types of trusts, trustees are able to claim special treatment for capital gains taxes and income taxes if it is considered to be a “Qualifying Trust.” A Qualifying Trust is a type of trust where the person who creates it does not receive any benefit from it.
Please call us on 0207 183 0084 or email us on firstname.lastname@example.org for advice and assistance.