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What is an Enduring Power of Attorney?
An enduring Power of Attorney allows a capable adult to appoint a person or persons to handle his or her financial and legal matters in the event that the adult is unable to do so in the future or needs assistance.
It is valid for the time it is granted and becomes void upon the death of the adult . It can be used immediately and stays valid if the adult later becomes incapable of caring for his or her legal and financial affairs. It is an important and valuable tool to allow designated person(s) to look after your legal and financial matters in British Columbia in the event that you become incapacitated as the result of a car accident, having a stroke, developing Alzheimer's disease, etc.
WHO SHOULD HAVE A POWER OF ATTORNEY ?
This document has great value for anyone who:
- wants to ensure a trusted person to take care of bill-paying, correspondence, and financial management in the event of incapacity or absence;
-may need assistance with thier daily finances now or in the future;
-wants to avoid the very lengthy and expensive process of a court appointed committee should they suddenly become incapable;
-wants to avoid having the Public Guardian and Trustee take over his or her affairs
Can I use a Notary Public to have my Power of Attorney prepared?
Yes, in British Columbia, Notaries Public are trained to prepare these documents and do so on a regular basis in their day to day practices.
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