Having a power of attorney is highly important for those in the agricultural community as it allows nominated individuals to step in and take control in the event of a loss of capacity, for example through old age, illness or injury.
However, under circumstances where this would usually have involved predominantly managing bank accounts, attorneys in the agricultural community may find themselves responsible for running and managing a large farm and the complexities which go with it.
Shakespeare Martineau wills and probate specialist Debra Burton said: “Appointing the right people to have power of attorney on your behalf is crucial.
“Many farmers consider themselves stewards of the land and want to ensure the success of the farm, not only under their tenure, but for future generations.
“Anyone who is going to be appointed as an attorney should ideally share this ethos and these values, as well as having the skills and willingness to step in and manage a large farming business.”
Other things to consider when choosing a power of attorney include:
Lasting powers of attorney can be set up any stage of life, so long as the person granting the power of attorney has the capacity to do so.
The document will be kept safe until the person has lost capacity and it needs to be registered.
Attorneys are policed by the Office of the Public Guardian and anyone who believes that an attorney is not acting in the best wishes of the donor, should notify them.