Lasting powers of attorney
Thursday, April 16th, 2009
This is a letter the Certainty National Will Register has received from a member of the public.
I recently set up a business with two other people and have been currently completing the standard formalities that one undertakes to officially form the company. Trying to control the controllables leaves me to outline the purpose in my situation of a lasting power of attorney which I feel is most relevant in these times of economic uncertainty, stress and anxiety for business owners.
Whilst taking out Keyman insurance it was also suggested to us that we potentially should look at creating lasting powers of attorney respectively for each co director to ensure that should something happen to our mental wellbeing and we’re not of sound mind to be able to make rational and fit decisions for the company because mental illness has struck, then the Lasting powers of attorney would be an effective way for us to be able to make decisions on behalf of our co-directors and give us some form of protection.
Be Safe and use Certainty to register a will on the UK’s National Will Register.
