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Business Lasting Power of Attorney

Lasting Powers of attorney during Coronavirus Pandemic.

We continue to provide an expert power of attorney service. This is not affected by the Coronavirus pandemic.

A lasting power of attorney is an important document to let other people make decisions on your behalf if you don’t have mental capacity to make a decision or can’t express your wishes.

Health LPAs can cover all aspects of health and welfare from life sustaining treatment (such as ventilation or major operations) to more routine care matters such as where you live or how you are cared for.

Financial LPAs allow someone to manage your money, business or property while you are alive, but if you can’t deal with it yourself.

A lot of people are concerned that they can’t get legal help during the coronavirus pandemic but our power of attorney service is running as usual using video calls, phone and email to help you, instead of face to face meetings.

If you have an immediate need for a power of attorney please get in touch to discuss your concerns. Lasting Powers of Attorney can take time to set up as they have to be registered before they can be used, but there are other ways we can help support your health or financial decisions.

We want to work with you to make sure you have the protection and assistance you need, despite the restrictions caused by Covid-19.

Illness, injury, or long term absence might prevent you from making decisions on a temporary or permanent basis and your business could be at risk if you can’t decide how it should be run.

If you are a sole trader or the only shareholder and director of a company you are the only person who can run that business. If there are other directors or shareholders there is a risk that your views might not be represented when decisions are being made. Unless you make a Business Lasting Power of Attorney (BLPA) no one can make decisions for you and the Court would have to appoint someone to make them instead, this can take months to arrange. In the meantime your business could grind to a halt.

A BLPA can protect your position and the smooth running of the business. You can choose people you trust to act on your behalf, and you control the type of decisions they are allowed to make

Your attorney can step in and represent you, or work with your business partners until you are well enough to return. Provided you have planned ahead the attorney could become involved as soon as a problem occurs, this would minimise any delay or disruption to the smooth running of the business.

A BLPA also gives you flexibility on a day to day level. If you are going away for a business trip or a holiday you can use the BLPA to authorise your attorney to sign paperwork or complete transactions while you are away.

 

If you would like to discuss the ways a BLPA could protect your business please contact Chris Burrows on cmb@glaisyers.com or 0161 833 5694.

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