DRAFTING BUSINESS LASTING POWERS OF ATTORNEY

DRAFTING BUSINESS LASTING POWERS OF ATTORNEY

Business lasting powers of attorney (BLPA) allow business owners to protect their business. Without a BLPA their business is at risk. If they subsequently lacked mental capacity and did not have a BLPA, the bank could freeze their account, contracts or services might go unfulfilled, the business community would think twice about doing business with them. If they were a sole trader it could put them out of business. This talk will cover:

• Why create a business lasting power of attorney
• Donor’s sufficient business understanding
• Choosing a business attorney
• Drafting a business lasting power of attorney
• Client advice on choosing the appropriate business LPA clause

The Much Hon. Craig Ward of Lundie, Solicitor and Partner at Craybeck Law LLP, MSc BA(Hons) TEP MBPsS CertCouns