19 May 2021
ADVERTISEMENT FEATURE
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.
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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.
30 Apr 2021
IS A SEPARATION AGREEMENT RIGHT FOR YOU?
If you have separated from your spouse but do not wish to immediately consider divorce proceedings, you may wish to consider entering into a Separation Agreement. Tilly Bailey & Separation can be a difficult time for families, particularly where there are children involved, and you may, therefore, wish to temporarily postpone the legal formalities of divorce proceedings.
A Separation Agreement is an agreement between you and your spouse which can be used to determine how matrimonial assets are distributed and how any ongoing financial arrangements shall continue. Separation Agreements can cover a wide range of areas including, but not limited to:
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.