Where to get a Business Lasting Power of Attorney (BLPA) in London or Essex?

Where to get a Business Lasting Power of Attorney in London and Essex
 
The number of people being diagnosed with dementia is increasing because as a nation we are living longer. It is estimated that by 2021, the number of people diagnosed with dementia in the UK will have increased to around 1 million.
 
There are currently around 800,000 people in the UK diagnosed with dementia. Studies show that 1 in 3 people over the age of 65 will develop dementia, with two-thirds of those diagnosed with dementia being women.
 
Now, is the time to act and make the right provisions for your Business' future.
 
Should you become incapacitated either mentally or physically you should ask yourself whether or not your business would survive without you at the helm. Is there a son, daughter or protégé with the capability of one day taking the reins. 
 
Your personal LPA may not be sufficient to cover your business affairs and it is likely that those needs would be better met by someone else.  Consider the conflicts of interest as well as the stress and responsibility upon immediate family members or loved ones who may not fully understand your business. 

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You have a legal duty to ensure that those with a financial stake in your business are looked after and if you have failed to make adequate provision with a BLPA then you or your estate could be sued for any losses occurring as a result.
 
When choosing your Attorney(s) some of the factors you need to take into account are:
 
Competency 
Directors attitude to risk 
Size of the business and number of employees
Financial Implications
Profits
Management Style
Someone you trust
 
There may be other options open to you such as leaving it to the Court of Protection to appoint somebody they choose when the time comes. This is not only time-consuming but very expensive potentially causing costly delays and damaging consequences for your business.
 
How can we help you and your business? 
 
We can advise you on how to ensure you are up to date with the current legislation in this area, mitigating the risk of exposing your Business and family to claims for damages if sufficient arrangements are not made. Our advisors can provide you with the necessary guidance on how to assess the risk to your business and protect your family and your business by the preparation of a Business Lasting Power of Attorney (BLPA). 

For any additional information contact The Will Associates today by calling us on 0800 8477 212 to arrange a free, no-obligation consultation at a time convenient to you and your loved ones, in the comfort of your home.