Turner Little explains ‘Power of Attorney’

It’s a phrase most people have heard of, but do you know exactly what ‘Power of Attorney’ means? We’ve put together a handy breakdown of what it could mean for you and your family.
In simple terms, Power of Attorney is a legal document in which one person (known as the ‘donor’) gives other people (their attorneys) the right to act on their behalf.

There are different types of Power of Attorney, depending on how long you want it to be in action. An Ordinary Power of Attorney is a temporary convenience, while longer-term arrangements are known as Enduring power of Attorney (EPA) or Lasting Power of Attorney (LPA).

Read the article in full on the Turner Little Blog.

Turner Little’s view on why you should consider setting up a trust

Trusts can be confusing, and with so many variations around it’s not easy to work out which you need, or whether you need one at all. The factor that differentiates trusts is the reason for them being set up in the first place.

It’s important to understand the purpose of a trust before it’s set up, and whether the agreement is what you need. At Turner Little, we can help you choose the right trust for your purposes. We’ve come up with reasons why you should think about setting up a trust.

Do you have a will? Almost two thirds of adults in the UK don’t…

While everyone is aware that making a will is necessary, most people leave it on their ‘to do’ list. Research shows that almost two-thirds of UK adults don’t have a will, which means their estate could go to someone they haven’t chosen after they die. An estate covers more than you think – it’s not just property and money, it also includes all possessions and even dependent children can be involved.

At Turner Little, we know how important it is to have a plan in place for after your death, and we also understand it’s not always a priority for people busy with day-to-day life. Here’s why you must start planning for your dependents after your death.

Explaining the different types of trust

There are different types of trust that can be set up for inheritance purposes. Selecting the right one for your needs is important. Here are some examples to help you understand the different types.

Read more about the different types of trust on the the Turner Little Blog.

How to Use Trusts for Inheritance Tax Planning

You may wish to safeguard your estate from inheritance tax, to ensure you can financially provide for your loved ones, after you pass away. You can utilise legal vehicles called trusts strategically for this purpose. Turner Little explains how to use trusts for inheritance tax planning purposes.

Read How to Use Trusts for Inheritance Tax Planning on the Turner Little blog.

What Are The Benefits of Establishing a Trust?

If you want to protect your finances long-term, you may want to think about creating a trust. A trust is a legal vehicle designed to hold assets or property, which provides a range of advantages when it comes to wealth management. Turner Little asks: what are the benefits of establishing a trust?

How to Use Trusts in Estate Planning

A trust is a legal instrument which can provide you with an effective way to manage your money and assets. You can utilise trusts to accomplish a number of estate planning goals, ensuring that your assets are handled appropriately. 

Read the full article on Turner Little explaining how to use trusts in estate planning. 

How to Set up a Trust

There may come a time where you cannot control your own funds effectively. In these instances, you may want to establish a trust to ensure your money is managed appropriately.

Here, Turner Little look at what a trust is, when it should be arranged and how to set one up. Read more on the Turner Little Blog.