Farm lasting power of attorney

A Farm Lasting Power of Attorney (LPA) is a crucial legal safeguard that ensures the smooth running of your agricultural business if you become unable to make decisions due to illness or incapacity.

Farming is a complex and time-sensitive industry, and without an LPA in place, key operations—such as managing land, paying workers, or handling business finances—could be disrupted. By appointing a trusted individual to make decisions on your behalf, you can protect your farm’s continuity and ensure that essential matters are managed according to your wishes. Expert legal advice can help you set up a tailored LPA that aligns with your farming business and long-term plans.

What is a lasting power of attorney in relation to a farm?

A farm lasting power of attorney (LPA) is a legal document that allows you to appoint someone to make decisions on your behalf in case you become unable to manage your farm due to illness, incapacity, or other unforeseen circumstances. It is a critical safeguard to ensure the ongoing operation of your agricultural business, especially if you are the sole decision-maker. With a valid LPA, a trusted individual can take over the management of the farm’s financial affairs, property, and even operational decisions, ensuring continuity without legal or financial disruption.

Why is a lasting power of attorney important for your farm?

A lasting power of attorney is particularly important in the context of farming due to the ongoing responsibilities and complexities involved in managing a farm. Without an LPA, decisions about the farm’s finances, property management, agricultural contracts, or even day-to-day operations could be delayed or left to others who may not fully understand the intricacies of your business. An LPA ensures that a person of your choosing, who understands the agricultural landscape, can step in and manage the farm efficiently on your behalf, safeguarding its financial stability and continuity.

How can we help with your farm lasting power of attorney?

Creating a lasting power of attorney for your farm requires careful planning and legal expertise. Our team can guide you through the process of drafting and registering your LPA. We help you select a suitable attorney, someone who understands the farm’s operations and your vision for the business. Additionally, we ensure that the document is legally binding and covers all necessary aspects of farm management, including financial and operational decision-making.

We work with you to tailor the LPA to suit your specific needs, ensuring it aligns with your farm succession plans, business objectives, and family dynamics. With our guidance, we ensure that the LPA clearly outlines your wishes, leaving no room for ambiguity should the need for the attorney to step in arise.