Drafting LPAs for Business - Practical Tips & Avoiding the Pitfalls

Introduction

Lasting Powers of Attorney (‘LPA’) are traditionally used as a way of planning for what happens if a person loses capacity or is otherwise unable to make decisions for themselves.

Preparing an LPA for somebody’s business affairs is a sensible precaution to safeguard the client and the business’ interests.

This webinar offers practical tips and model wording for use when advising clients about whether to execute a business LPA, drafting the instrument and accommodating client’s instructions within it.

It will be useful for private client practitioners who are already familiar with this area and are looking for more depth about the management of somebody’s affairs as an attorney.

By providing the context of this area, this webinar will give advanced practitioners the ability to respond to concerns or criticisms around business LPAs.

Find out:

• Is it ok to mix all aspects of your life in one LPA instrument?
• When might a business LPA not be a good idea?
• How to give instructions to attorneys without invalidating the LPA

What You Will Learn

This webinar will cover the following:

• The context for LPAs and the background of business LPAs in the event that a complex dispute arises
• The differences between private LPAs and business LPAs and the reasons for different approaches to the same
• When a business LPA is right for your client
• How to avoid the pitfalls of drafting instructions for an attorney within an LPA
• How to advise your clients about the best individuals to appoint

This webinar was recorded on 13th March 2023