Farmers Weekly Business Clinic: do I need a lasting power of attorney?
A 72-year-old farmer owns and runs an agricultural holding in partnership with his wife and children.
Despite continuing to play an active role in day-to-day farming matters - as well as being of sound mind – the farmer’s daughter is urging him to make a lasting power of attorney (LPA).
In this month’s Business Clinic, Thrings partner Russell Reeves looks at the different types of LPAs and explains why it is important that the farmer has in place a legal document that allows other people to assist or make decisions on his behalf in the event he loses mental capacity.
Click here to read the full article in Farmers Weekly.
To discuss this matter further, please contact Russell Reeves or another member of Thrings’ specialist Agriculture team. To download Thrings’ guide to LPAs for farmers, please click here.