Lasting peace of mind
If a farm owner loses capacity without suitable powers of attorney in place, it can have a devastating impact – on the future of the farm and everyone involved with it. These problems can be avoided with forethought and careful planning, and our experienced team is here to help.
Lasting Powers of Attorney (LPAs) provide peace of mind to individuals and families alike. They’re legal documents which allow you to appoint people you trust to act as your attorneys, making decisions on your behalf if you become unable to do so in the future.
There are two types of LPA: Property and Financial Affairs LPA and Health and Welfare LPA. The former applies to your finances and property, while the latter allows decisions to be made about your medical treatment and social care. In the absence of suitable powers of attorney, decisions about your care can be taken out of your loved ones’ hands, so it’s essential to make sure you have something suitable in place.
We believe that LPAs are an essential part of any estate planning strategy and should be considered by all farmers, regardless of their age or health (especially as farming accidents are not uncommon.) By taking a proactive approach to creating an LPA, you can guarantee that, should the need arise, your affairs are taken care of by people whom you know and trust, ensuring your wishes will be carried out, and making life considerably easier for your loved ones.
How we help
Our experienced team understands the importance of LPAs, especially within an agricultural context. We’ll take a proactive approach to helping you create them, and work closely with you to ensure that your LPAs are tailored to your specific needs and wishes.
Clarity is our priority, so we’ll take great care to ensure you understand the full implications (both legal and practical) of appointing attorneys. It’s vital that you understand all options available to you, for example, the possibility of appointing different people to make decisions regarding the farm and your personal assets. We’ll also make sure that your attorneys are given appropriate parameters so that they can act effectively.
To arrange a meeting or to request further information, please get in touch with our team today.