LPA's for Businesses

Article by
Craig Ward

What would happen to your business if you were unavailable for a month? This can so easily happen, you get stuck abroad with flight delays, you’re injured and need to recuperate, or you could lose mental capacity. These situations can be managed by making a Financial Lasting Power of Attorney for Businesses. A Lasting Power of Attorney lets you appoint someone who knows your business well to manage it if you’re not able to. Your business may have taken years to build up, in just a short month it could be wiped away which is a waste.

Statutory Wills

Craig Ward

Where a client lacks mental capacity sufficient to create a will, a statutory will may be created on their behalf through the Court of Protection. This entails making an application to the court and asking them to execute a will. The application may be made by an authorised person, such as and attorney (acting under a lasting power of attorney), a deputy, or someone entitled to receive a benefit under the will. Once a statutory will is executed by the court this acts in the same way as a regular will drafted by a client.