Gilbert Stephens provides comprehensive legal advice about the management of the finances of those experiencing mental incapacity, either through old age or other mentally debilitating illnesses. We can advise those:
- Who may become unable to manage their own affairs
- Who need to look after the finances of others
- Who wish to provide for a relative who has mental health difficulties
In addition, we can:
- Advise you how to ensure that all your financial affairs will be in good hands should you be unable to manage them for yourself
- Help those who need to take on the finances of an incapacitated relative, (whether under a Power of Attorney or a Receivership), which can include advice on applications to the Court of Protection, (for example, to approve a new Will or tax planning scheme).
Why choose us?
The use of trusts to provide for relatives who have mental health difficulties is a regular part of our practice, and is an area in which our team has a wealth of experience. Trusts can be set up to start during our client’s lifetime, or to come into effect under their Will. Often a trust will ensure that a gift can be made without risk that the recipient will lose means-tested benefits.
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