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Frequently Asked Questions

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power of attorney solicitors Scotland - By Your Side from Friends Legal

Do I need a Power of Attorney?

Power Of Attorney

There are various situations in which a Power of Attorney can be useful.

POA can cover circumstances in which you are involved in a serious accident, or become seriously ill, and either find it difficult or are no longer able to deal with your own affairs. Your Power of Attorney can remain in place indefinitely until specifically...

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trustees of a Trust - By Your Side from Friends Legal

Who should be a Trustee for my Trust?

Trusts

You can choose almost anyone to be Trustee when setting up a Trust, including yourself, but we would not recommend that you act as Trustee on your own.

It is important to choose people you trust as they will be responsible for managing the Trust and will have several duties to follow, including: To act in the best interests of Beneficiaries;To devote time to Trust affairs. We would generally recommend at...

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executry, will, power of attorney, trust guides - By Your Side from Friends Legal

Why set up a Trust?

Trusts

There are a variety of reasons why you may wish to consider setting up a Trust, such as:

Protecting assets;Assisting vulnerable beneficiaries;A Personal Injury claim resulting in compensation.

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what is a Trust? By Your Side from Friends Legal

What is a Trust?

Trusts

A Trust involves three groups of people:

The “Truster” – this is the person who is setting up the Trust;The “Trustees”- these are the people who are responsible for administering the Trust for the benefit of the Beneficiaries;The “Beneficiaries” – these are the people who are entitled to benefit fr...

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News From Friends Legal

Amy Wardrop / Executry, Wills, Trusts & Power of Attorney / Associate / Friends Legal

Amy Wardrop Shortlisted for Young Practitioner of the Year Award

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Friends Legal Award Nomination - Best Use of Marketing & Social Media

Friends Legal Shortlisted for Marketing & Social Media Award

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Tom Heaphy Completes Kiltwalk to Support Home-Start Glasgow South

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