A Power of Attorney allows a capable adult to appoint a person or persons to handle their financial and legal matters in the event they are unable to do so themselves or need assistance. The document also specifies whether these individuals are allowed to act separately or required to act together. Because of the financial authority conveyed, it is critical that the Adult fully understands what powers they are granting with this document and have complete trust in the person they are appointing.
A Power of Attorney is often used for various financial arrangements such as buying/selling property or other assets, and dealing with tax returns. They would not be used to address health care decisions.
Assigning Power of Attorney provides clarity for you and your loved ones in the future and ensures your preferences and concerns are central to decisions that are made.
Who should have a Power of Attorney? This document has great value for anyone who:
Contact us at Uptown Notaries. We regularly work with residents of Burnaby, Coquitlam/Tri-Cities or New Westminster to draw up an appropriate Power of Attorney documents for your situation and needs.