Imagine Kevin, a scruffy-looking fellow walks into your bank on a Monday morning. He tells your bank manger he needs to use your Power of Attorney (POA). He wants to move all your money into his own bank account. He says he needs to do this immediately….
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Clients who act for a person under a power of attorney must keep records. How long must attorneys keep their accounts and records? The deadlines under the regulation for retention are set out here: Substitute Decisions Act, 1992 Regulation 100/96 6. (1) Every attorney and guardian shall retain the…
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Last week, I appeared on television as an expert on powers of attorney. I’ll tell you about the show in a moment. First, I want to give you the three key benefits of having powers of attorney. Remember these benefits for yourself and your loved ones. Powers…
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Domenic called me to ask for legal advice. His sister had their father’s power of attorney. She had “taken control of my father’s welfare and wealth,” as he put it. Now his sister was ignoring him. “What are my rights to challenge her in court?” Domenic asked….
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I have posted a power of attorney story that will interest all mothers. You can read the story, entitled “Why Do You Forsake Family?”, on Money.ca. It is about a mother named Sharon. She has issues with a family power of attorney. Many people do not understand…
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Powers of Attorney can be tricky legal documents to prepare. This is especially the case for the elderly, who are often vulnerable. They need to trust and rely on others who could abuse their powers of attorney. How do you stop a wolf in sheep’s clothing from…
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Will a simple power of attorney prevent elder abuse? Your loved ones can become a silent victim of elder abuse. In many cases, a relative can fall into the clutches of scammers and fraudsters. Family members, caregivers, neighbors or contractors can take advantage of loved ones. To…
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Ask Ed: Submit your estate questions to EstateTherapy.com Advisor Question: Are Home-Made Powers of Attorney Dangerous? Ed’s Answer: Power of Attorney (POA) fraud is common. I no longer recommend that people rely on do-it-yourself power of attorney forms or kits. I‘ll explain the risk, and why clients…
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Key 7: Take Action Now John and Jillian, both in their 30s, were going on vacation. They were leaving behind Heather, their five-year old daughter, for the first time. Suddenly they realized that they had no will, guardian, or trust set up for their daughter. They needed…
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Key 6: Protect Yourself Today Brian was 82 and trusted his neighbour’s son, Tim. Tim ran errands for Brian, including buying his groceries and medications. Brian would also get Tim to cash his cheques for him at the bank. One day the bank suggested that Brian add…
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