Powers of Attorney &
Powers of Attorney & Guardianships
Thinking about a time when you may no longer be able to manage your own affairs is a difficult subject. Stronachs’ private client team can help you take steps to ensure the people you want to look after you can step in if the need arises.
We are highly experienced in advising on all aspects of granting powers of attorney, and advising attorneys when capacity has been lost.
We are often asked to assist when concerns arise that a loved one is becoming less able to manage their finances, or to look after their personal welfare. After meeting the person concerned, we will make an initial assessment if a power of attorney can be put in place. If the matter is unclear, we can liaise with their GP.
If capacity has been lost and it is too late to put in place a power of attorney, our dispute resolution team can assist with applying to the court for an intervention or guardianship order.
Once an order has been granted we have a wealth of experience in advising guardians and ensuring they comply with the various duties and reporting requirements they are under.
For those with concerns about their future medical care, we can put in place living wills to make their wishes known and to help take difficult decisions out of their family’s hands. If you suffer from a serious and irreversible medical condition, a living will confirms your wish not to be given various life-sustaining treatments, such as artificial feeding.
We also have expertise in the creation and ongoing administration of personal injury and vulnerable beneficiary trusts, which can qualify for special advantageous tax treatment. We can create a bespoke solution for you to ensure that your needs are met in the most flexible and tax advantageous way possible.
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To make an enquiry, please contact a member of staff below or call 01224 845 845
Private Client News & Insights
The Winds of Change are Cold
The General Economy
Following Jeremy Hunt’s first budget back in October the changes, or lack thereof, of previous Chancellors will really begin to bite for taxpayers in 2023. The UK, and global, economy is still recovering from the major impacts of a global pandemic and the ongoing war in Ukraine. Although we may manage to stave off a technical recession it is likely the UK economy will contract for at least one quarter. Inflation, the measure which tracks the general price of goods and services over time, remains one of the highest in Europe, threatening to push more people into poverty and erode wealth for those with significant assets.
Nominated for 25 Emmy Awards this year, the HBO series ‘Succession’ has captivated audiences and may well have prompted clients to contemplate how best to plan for succession to their estates.
Drafting a Will for lead character, Logan Roy, would require a bespoke approach, to take account of his vast wealth across multiple countries. Here we consider an appropriate Will structure, together with some other key points to explore when creating a fitting testamentary writing for Logan.
Calling all Trustees – Three Week Deadline
What is The Trust Registration Service?
The Trust Registration Service is an online service which assists Trustees to adhere to their registration obligations under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
New regulations came into force in October 2020. The new regulations mean that there is an increase in the number of trusts that fall into the ‘need to be registered’ category.