Submitting.
A Family Trust provides full protection for your beneficiaries, even if circumstances have changed. An example would be where your spouse or children (including adult children) have disabilities or lose capacity to deal with their own affairs.
It also protects against your children being disinherited as a result of your spouse remarrying after your death.
Your chosen trustees can deal with the property in the trust in the same way as attorneys would under a Power of Attorney.
Since it would be your trustees who control the capital of the Trust Fund, including your house, these assets should not, in normal circumstances, be taken into account in the assessment of your means for contribution to the cost of any residential care fees or other means tested benefits.
Trying to make your own ‘DIY Will’ is a risky business. Barnard Castle Solicitors Tilly Bailey & Irvine explain why you should only trust a firm of legal experts for the task of making a Will.
Are you thinking it’s time to start drafting a Will or Family Trust? Maybe an estate plan? The first step after making that decision is to find your solicitor.
At this stage, with your family at helm of these important decisions, it is something that cannot be cobbled together lightly. People have been prone to letting Will Writers prepare their Wills and also assist with other arrangements for their personal affairs.
21 Apr 2021
ADVERTISING FEATURE
Tilly Bailey & Irvine Solicitors in Teesside explains why so many carers of vulnerable people opt to appoint a professional deputy to look after their financial affairs.
A deputy is a person that looks after the financial affairs of a vulnerable person mentally incapable of handling it themselves.
Professional deputies undertake the same role, but are qualified solicitors with extensive experience in such matters. They are governed by the Office of the Public Guardian and are held to a high standard in terms of the decisions they make. Partners at Tilly Bailey & Irvine LLP hold a significant number of professional deputy positions and have done so for many decades, making them experts in the field with significant experience.
Hannah joins the Barnard Castle team at law firm Tilly Bailey & Irvine Solicitors teesdalemercury.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from teesdalemercury.co.uk Daily Mail and Mail on Sunday newspapers.
19 Jan 2021
Tilly Bailey & Irvine Solicitors Offer Support To Teesside’s Shoebox Appeal
Tilly Bailey & Irvine Solicitors once again offered its support for the annual ‘Shoebox Appeal’ by Teesside’s Philanthropic Foundation, an initiative to help disadvantaged and homeless people over the Christmas period.
The Teesside Foundation once again gave local businesses the chance to help out in their annual Christmas appeal, where shoeboxes are offered containing items to help the homeless over the festive period.
This year, donations were to be made online to allow the foundation to buy what is needed to make up the boxes.
Staff - including partners - at TBI put forward their donations to help, among many local businesses in the north east and patrons of the Foundation. The result prior to Christmas has surpassed a combined total of £5,000 from all donations (TBI included), to be used by the charity to safely bulk-buy these essentials to help those that need it most this Chris