No matter how old or young you are, you need a Will and Lasting Power of Attorney (LPA) in place – a document registered with the Court of Protection that enables your chosen trustees to make decisions on your behalf, either medical or financial.
Once registered, your LPA remains in place until you either amend or replace it. Both documents are vitally important and not things you should just dismiss or put off sorting out. And if you do already have a Will, you should aim to review it every two years in line with your ever changing personal life and business/practice structure to ensure your wishes would be fulfilled and to ensure as little as possible ends up in the tax mans hands.
And if your practice isn’t in a business trust, why not? Talk to us for advice and guidance on this.
Contact a member of our team on 0330 088 1156 or provide your details below and we’ll get in touch.