Lasting Power of Attorney

LPA Lasting Power of Attorney… what it is & why you NEED one

Protecting you guys from yourselves has become a mission of mine since a client’s world fell apart when her husband had a disabling heart attack…

Terrible for him, his family and the family business… incapacity means legally decisions cannot be made… even by his wife, joint shareholder and driver of the business… without ridiculous, repeated, time-consuming, & stupidly expensive trips to court to get permission…

Obviously it’s not going to happen to you…

But just in case…

Please sort an LPA… a Lasting Power of Attorney… appoint someone to make decisions should you be incapacitated… if only for the sake of the smooth running of your business…

There’s more below… but for GS10K people if you need help with this stuff please get in touch … I really do mean it… happy to pop out and chat this sort of thing through… completely 100% foc

I failed my client by not suggesting this sort of thing originally… ain’t gonna happen again… I won’t be working with people who don’t have an LPA in future…

LPA… Lasting Power of Attorney…  the Details

A lasting Power of Attorney is a legal document with which you appoint people to represent you during a period of incapacity

You can appoint multiple Attorneys… for health, and for financial aspects of your life… and they don’t have to be a lawyer…

But the Power of Attorney document must be done properly and filed with the Office of the Public Guardian

There are cheap, simple versions available at W H Smiths… but you own and run a company so you’ve got greater duties and responsibilities than most folk… so I’d honestly recommend spending the few hundred quid you need to have it done right by a lawyer to suit your peculiar circumstances

Here’s the Government website

And here’s another post about protecting your wealth