Understanding Protective Trusts Before we dive into Protective Trusts, let’s take a moment to understand what trusts are and their role in estate planning. Simply put, a trust is a legal arrangement where one party (the settlor) transfers assets to another party...
Understanding the Flexible Interest in Possession Trust Like other trusts, a Flexible Interest in Possession Trust (FIPT) holds and manages assets for the benefit of designated beneficiaries. However, what sets it apart is its unique flexibility in asset distribution...
When You Can’t Continue Operating Your Business As the owner of a small or medium-sized business, you already know how important it is to protect your company against potential risks. You insure your business assets against damage, fire, and theft; you take out...
Creating a Lasting Power of Attorney for Health and Welfare As we get older, we need to accept that we won’t always have our full mental faculties in place. A Health and Welfare Lasting Power of Attorney involves appointing someone to act on your behalf when you are...
Contested Probate Litigation Explained When a loved one dies, their assets and other belongings enter a process known as probate. This is where their estate is divided among their chosen beneficiaries according to the instructions left in their Will. If no Will...
