Colin C.J. Denoon Attorney-at-Law

02/01/2025

All best wishes for 2025!

17/12/2024

In this article, you will learn about the role of a caveat in the estate administration process.

Protecting your interests in the estate administration process

02/12/2024

Check out this recent article!

What happens when an intestate dies without any biological heirs

25/12/2023

Season's greetings to you and your family!

02/11/2023

“Let our advance worrying become advance thinking and planning.” - Winston Churchill
What your Power of Attorney can and cannot do.

Having a Power of Attorney can be an asset. A Power of Attorney is only needed if you are unable to manage your affairs because of poor health or you are out of the country.
A Power of Attorney can be general or specific.

You determine what assistance you need and then legally grant permission to a trusted person to act on your behalf. To guide you on preparing the limits of your Power of Attorney, it is advisable to seek proper legal advice.

26/10/2023

“There is nothing so stable as change.” - Bob Dylan

Do you need a Power of Attorney?

A Power of Attorney is a legal document that grants authorization to one person (the attorney) to manage the affairs of another (the donor).

A Power of Attorney is a registered Deed.

It is used in instances where a person is abroad or incapacitated.

If you are thinking of moving abroad and have assets such as a house or business in your home country that you must manage, appointing a Power of Attorney is one way to do so.

If you need to create a Power of Attorney, it is advisable to always retain the services of an Attorney at Law to guide you through the process.

19/10/2023

“The future belongs to those who prepare for it.” Jim Moran

Have you thought about how you would manage your affairs if you are abroad or incapacitated?

Life is unpredictable. There are situations that would occur that prevent you from effectively conducting your affairs to your liking.

You may become ill causing you to be hospitalized for a period or you may have to move abroad for work or study. What happens to your assets in times like these?

Did you know you can appoint someone that you trust to conduct business on your behalf?

This is called a Power of Attorney. To prepare a Power of Attorney, it is advisable to retain the services of an Attorney-at-Law.

12/10/2023

"If what you create does not outlive you, then you have failed." - Uday Kotak
Are you considering preserving your assets across future generations?

One way to do this is by creating a Trust.

A Trust is a legal mechanism by which a settlor entrusts assets to a trustee or trustees to be managed for the benefit of a group of persons known as beneficiaries.

Here are some important points to consider when creating a Trust:
● The Requirements to ensure that a Trust is Valid
● The Duties of the Trustees
● The Power of the Trustees
● The Rights of the Beneficiaries

If you are considering creating a Trust, it is advisable that you consult with an Attorney-at-Law.

04/10/2023

“A goal without a plan is just a wish.” – Antoine de Saint-Exupéry

A valid Trust is an essential tool in Estate Planning.
The elements required for a valid Trust include:

● Certainty of words – It must state a clear intention to create a trust

● Certainty of subject matter - It must be clear what the trust consists of and what the interest of each beneficiary will be.

● Certainty of objects - It must be clear who the beneficiaries will be.

It is important to ensure that you create a valid Trust if this is part of your Estate Planning. It saves your family the stress of understanding what your wishes were for your estate after your passing. It is advisable to seek the services of an Attorney-at-Law to guide you through the process.

27/09/2023

“It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.” - Robert Kiyosaki

Trust or Will?
Did you know that a Trust can be created by means of an expressed declaration in a Will?
This is known as a Testamentary Trust.

A Trust can be considered simple or complex. This is determined by the type of assets and the value of the assets. In Trinidad and Tobago, a complex Trust is governed by a Trust Deed.

Planning for your Estate can be challenging. It is advisable to seek the services of an Attorney-at-Law to guide you through the process.

20/09/2023

“Create your legacy, and pass the baton.” - Billie Jean King

Did you know that a Trust is a powerful tool in Estate Planning?

Creating a Trust is a step that can be taken to protect your assets for generations to come.

A Trust is a legal mechanism by which a settlor entrusts assets to a trustee or trustees to be managed for the benefit of a group of persons known as beneficiaries.

A Trust can be expressed or implied.
To determine if a Trust is a beneficial tool for planning your Estate, it is advisable to retain the services of an Attorney at law.