Factsheets

 

Business Lasting Power of Attorney

Overview

A Lasting Power of Attorney (LPA) is the way to ensure that the people you trust will be able to take important decisions on your behalf if you become mentally or physically incapable of doing so for yourself. Lasting Powers of Attorney should not be seen in the context of "only individuals or the elderly" should have them. What will happen to the day to day running of your business if you became physically or mentally incapacitated?

Read more

An introduction to Life Interest Trusts

Overview

A Life Interest Trust is a type of trust that lets you leave your money or property to someone for their lifetime (‘a life interest’) but ultimately to others when that person (the ‘life tenant’) dies.

Typically you might leave a life interest to your partner. They then have the automatic right to the income generated by your assets during their lifetime, but no automatic right to the capital.

If you leave a property or your share of a property in this way, your partner would be entitled to live in the property for life, but your share would then pass to your ultimate beneficiary when he or she dies. This could, for example, be a child from a former marriage.

Life Interest Trusts can provide an elegant solution to other situations, which we explain in this factsheet.

Read more

Compensation Orders against Disqualified Directors

Overview

As from 1st October 2016 it will be possible for the Secretary of State, in addition to seeking a disqualification order, to apply to the court for an order that the director should pay compensation for the losses which he has caused to the creditors of the insolvent company or in the alternative seek an undertaking to pay a corresponding amount to the Secretary of State.

Read more

Debt Recovery

Overview

Good cash flow is critical for every successful business, so making sure you get paid in full and on time is paramount.

Read more

Cohabitation

Overview

Cohabitation – def. “an arrangement where two people who are not married live together in a romantic relationship and/or sexually intimate relationship on a long term or permanent basis.”

Read more

Make an
enquiry