Once you have made the decison to make a power of attorney, you need to decide who your attorneys should be.
Often family members will be your natural choice but you should also consider:
- whether they are equipped to make decisons about your finances and health?
- do they have the time to manage your finances?
- do you have a business?
- do you have complex affairs which may need a specialist attorney?
Powers of attorney for business owners
It is particularly important if you are a business owner to consider the choice of your attorneys carefully.
Whilst you may want your spouse, partner or children to manage your personal finances they may be ill-equiped to manage your business affairs.
It is possible and indeed recommended for you to have one LPA to deal with your business affairs and one for your personal.
Through our expertise, we can advise you as to the best options for you and will also ensure that it complies with the structure of your business.
Suite 341, 3rd Floor Broadstone Mill, Stockport, SK5 7DL
Tel: 0161 504 2101
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