Adam Bruce and Luned Voyle of Ungoed Thomas and King, were delighted recently to be asked to be the guest speakers at the spring meeting of the Carmarthenshire Chamber of Agriculture which was held at the Halliwell Centre, Carmarthen.
During his presentation Adam highlighted the importance of planning for the future of the farm and ran through the issues that need to be considered such as making a Will and ensuring that there is an up to date Partnership Agreement in place.
Luned then discussed the benefits of making a Lasting Power of Attorney. Mental Incapacity can affect anyone as a result of an illness or accident. Jointly held bank accounts, both private and business may be frozen until an Order from the Court of Protection is obtained. By making a Lasting Power of Attorney, authority can be given to trusted individuals to deal with your money and assets if you are unable to manage your affairs so that the day to day running of the farm can continue.
The event chaired by Mr Ogwyn Evans was very well attended by the local farming community.
For further details or advice on these issues, please contact Adam Bruce at firstname.lastname@example.org or Luned Voyle at email@example.com or tel. 01267 237441.