Keeping your Business going when you cannot keep going

You may have read one of my blogs before about Lasting Powers of Attorney and how these can help you if you are unable to make decisions for yourself – either permanently or temporarily. A Lasting Power of Attorney can either be created to protect your Property & Financial Affairs or your Health & Welfare. Let us say that, in addition to your personal estate, you also own and run a business. If we consider the Property and Financial Lasting Power of Attorney, these are designed to cover all finances and decisions including your business but it might be that
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New online service to improve Lasting Power of Attorney

People managing their loved ones’ affairs will find it easier to safeguard their finances and wellbeing after a new online service was launched on 17 July 2020 for newly registered Lasting Powers of Attorney (LPAs) and will eventuallyl be rolled out to all LPAs A Lasting Power of Attorney (LPA) is a legal document which allows people to appoint someone else (an attorney) to make decisions about their welfare, money or property. They are often used by older people to choose someone they know and trust to make decisions for them were they to lose capacity in the future –
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Surprise… You’re an Executor!

When writing your Will, you must appoint at least one executor. An executor is a person named in your Will who will carry out your wishes and distribute your estate. when you die.  “Estate” is everything you own, including money, property and possessions at the date of your death. Throughout the process of making a Will I encourage clients to talk to their named executors so that they are aware that they have been named and what their responsibilities will be. It is also a good idea to let them know where your Will is in the event of your
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Why do I need a Lasting Power of Attorney?

Recently, I wrote a blog about the most common myths that people hold about Lasting Powers of Attorney which included statements such as ‘I’m married so my husband/wife will get to decide what happens’ and ‘I don’t need an LPA because I’m not old’. You can read that blog HERE to see why these beliefs aren’t true. I thought I’d add this blog to the site to explain the basic reasons why a Lasting Power of Attorney is an important document and what purpose it serves for you and your loved ones. Let’s start with a definition. A Lasting Power
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