How useful are trusts for wealth conservation?

How useful are trusts for wealth conservation?

A trust is simply a rule book for the management of property by one person (the trustee) on behalf of another. Whether a trust can deliver wealth conservation or asset protection outcomes for a person, family or beneficiary group largely depends not only on the terms of the trust (the rule book) but how it is operated…

Does your client have the capacity to instruct?

Does your client have the capacity to instruct?

It is a lawyer’s responsibility to take instructions only from those clients who have the capacity to instruct. But capacity is decision specific and can fluctuate over time. So how do you ensure that your client has the capacity to make the decisions you are asking them to? Zabina Naem has some tips…