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Make sure you leave your Estate to your loved ones the way you want. If you do not have a will, your estate is divided intestate. This may not be ideal for you and could cause unnecessary family disruptions.
A Lasting Power of Attorney is a legal document that allows you to appoint someone that you trust to make decisions on your behalf, should you no longer have the mental capacity to make your own decisions.
A business LPA is very important as no one can predict the future. If you lost mental capacity to act or if you were temporarily unavailable to deal with your business affairs, it is important to have an LPA in place. You worked hard to get your business to be successful, make sure you take care of it and have the correct person make the decisions for you if you are unable.