Lasting Powers of Attorney
A Lasting Powers of Attorney is a very beneficial legal document and is usually seen as the final piece of the process in planning and protecting your estate. Through this legal document you can appoint whom you wish to manage your affairs and estate should you become mentally incapable of managing them yourself. If A Lasting Powers of Attorney has not been drawn up, joint assets can be frozen while your family applies to the Court of Protection for a procedure known as receivership – an expensive and cumbersome process.
Incorporating a Disabled Discretionary Trust enables you to appoint who you wish to make financial decisions regarding the inheritance for your disabled beneficiary, without it affecting their benefits.