Lpa continuation 2025

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The document provides a series of continuation sheets for a Lasting Power of Attorney (LPA) form, detailing how to include additional attorneys, specify decision-making processes, and confirm understanding through certificate providers. It emphasizes the importance of clarity in roles and requirements to ensure the LPA is valid and accepted for registration.

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Click ‘Get Form’ to open the lpa continuation in the editor.
Begin by filling out the section for additional people. Specify whether each person is an attorney, replacement attorney, or a person to be informed. Ensure clarity to avoid rejection during registration.
Provide the full name, address (including postcode), and date of birth for each additional person listed. This information is crucial for proper identification.
In the 'About You' section, enter your name as the individual granting the lasting power of attorney. Sign and date this section accurately.
If applicable, complete any additional sheets regarding how decisions are made by attorneys, including any restrictions or guidance you wish to provide.
Ensure all pages are numbered consecutively and attached securely to your main document before signing and dating the declaration in part A.

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What is a clawback in LPA?

LP clawback provisions specify defined time periods during which amounts may be called back, typically ranging from two to three years. The calculation of this period varies based on one of two approaches: Distribution-based timing: The time period runs from the date of each relevant distribution to LPs.

How long do continuation funds last?

Lifecycle: Unlike standard 10-year funds, continuation funds are typically structured with a 3-5 year investment period.

How does a continuation fund work?

A continuation fund is a secondary vehicle established by private equity managers to transfer one or more assets from an existing fund nearing the end of its lifecycle in a bid to extend ownership beyond the original funds term.