Enduring Powers of Attorney are a must for any business owner. An incapacitating stroke or serious accident can result in a business owner becoming incapable of looking after themselves let alone the demands of a business. An Enduring Power of Attorney allows that business owner, when in the full of his or her health, to decide who he/she wants to look after running their business and personal affairs, in the event they are not longer capable of doing so themselves. There are very strong statutory safeguards in place to ensure that this system is not abused and for that reason, an Enduring Power of Attorney tends to be somewhat more involved that a straightforward Will, but the obvious advantage of them greatly outweigh the time and cost of putting one in place.
