Our advancing years understandably have an impact on our finances and welfare. To prepare and manage the consequences, it’s important to receive legal advice tailored to our individual circumstances. At Freelands Solicitors, our reputation of providing honest and practical legal advice to older people, their families and carers means we have a strong and loyal client base stretched across Lanarkshire.
Financial and Welfare Powers of Attorney - Motherwell & Wishaw
A Power of Attorney is a document that grants another person the power to make decisions and sign documents on our behalf. It can be used to ensure the smooth continuation of our financial affairs if we’re absent or abroad, or so that our welfare is properly provided for if we become incapacitated owing to an unforeseeable event, such as an accident or degenerative illness. If you would like to know more about Powers of Attorney, please contact us.
Financial and Welfare Guardianships
If a family member or close friend is unable to look after their own welfare or make decisions about their financial affairs, it might be possible to become legally responsible for them by becoming their Guardian. Guardianship is a court appointment that allows a person to make decisions and act on another person’s behalf. In order to convince the court that Guardianship is necessary, certain criteria need to be met to demonstrate that the person who will be the subject of the Guardianship Order lacks the capacity to make decisions. The appointment of a Guardian must be proven to be in their best interests. Our solicitors can help you navigate the complex process of becoming a Guardian. Please contact us for more information.
Inheritance Tax Planning
It is possible to organise our property so as to limit Inheritance Tax liability. By engaging in thoughtful and strategic estate planning, such as making gifts, maximising the utility of tax allowances or putting property into a Trust, the value of your estate can be better maintained. At Freelands Solicitors, we regularly assist clients with estate planning and have been advising on Inheritance Tax liability and reduction of Inheritance Tax for many years. Please contact us for more information.
If you have any queries about the law around care homes, please contact us today.
Contact our specialist solicitors for advice for the Elderly - Motherwell & Wishaw
Freelands Solicitors have been serving the Motherwell and Wishaw communities for over 140 years. We provide specialist legal advice for older people, as well as their families and carers. If you need help making decisions with regards to financial affairs or for more information about what we can assist with, please contact our expert lawyers by using our online contact form. Alternatively, please call our Motherwell Office on 01698 442897 or Wishaw Office on 01698 442797.