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A Payday loan provider was just recently purchased to pay 2. 6 million in payment. The business had been sending letters to customers who had actually fallen back with their repayments. The letters threatened to take legal action versus consumers and charges were included to consumers' represent the cost of sending the letters.
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Stephensons is among the few solicitors in the nation to run a Trust Corporation. With many companies of solicitors when somebody designates lawyers as executors of their estate in their Will it will actually be the private partners in the company. That implies that the administrator will be a person in the firm who unfortunately might die themselves or become ill or carry on to another company, all of which suggests that additional costs might be sustained by the estate in designating another administrator.
Obviously the company can never die, become ill or move on, so it means that there is more consistency and less threat. The actual legal work is still undertaken by the lawyers in the firm to the same high requirement. Normally if solicitors are going to be selected by the Court of Protection to act as an incapacitated individual's deputy the appointment will be of a private lawyer at the company.
At Stephensons when applying to become an incapacitated individual's deputy we use as Stephensons Trust Corporation. This is a business which can not die, get ill or carry on. The appointment of a trust company has a big advantage over people in offering consistency and getting rid of the risk of something happening to the deputy.
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