Search site
Call our office
Make an enquiry
Our Resolve. Your Resolution.
More and more people are familiar with the idea of Lasting Powers of Attorney – a document that appoints attorneys to make decisions on your behalf if you are unable to do so yourself in the future because of mental or physical incapacity. Often these decisions will relate to personal issues such as paying bills, arranging insurance, sorting out care plans. However, what can be overlooked by owners of businesses is the need to think about suitable attorneys to run their business affairs. It may well be that someone suitable to look after your personal affairs (your spouse or a relative, for example) may not be appropriate in relation to your business interests.
If you are a director, partner and sole trader, we’d encourage you address this issue - whether by appointing separate business attorneys and personal attorneys within the same Lasting Power of Attorney or by having separate documents. In the case of directors, you should make sure that any Lasting Power of Attorney is consistent with the Articles of Association of your company as these often have provisions covering what happens if a director becomes incapacitated.
Our articles are intended for general information purposes only and are not a substitute for professional advice tailored to your specific circumstances. We are always very happy to discuss any plans, issues or concerns you may have and to clarify how we might be able to help. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article.
Recent Budget offers farmers greater flexibility when considering environmental schemes
It has been a tumultuous couple of years in the farming sector, with wholesale changes to the subsidy regime, commodity price shocks and uncertainty concerning export markets. In this context, there was at least some good news in the recent Budget for...
The short answer: it depends. Both spouses will need to provide full details about their assets and income, with documentation in support e.g. bank statements, pay slips, property valuation, mortgage statements. This is so that the court can...
Advances in technology mean that rural Yorkshire is these days a viable location for large scale solar farms – so yet another string is added to the diversification bow. However, the scale and longevity of such schemes means that greater care needs to...
