power of attorney Archives - Edward Olkovich Law

Powers of Attorney Essentials You Need to Know

Do you want the government managing your finances? You’ll need powers of attorney to protect yourself. You must designate, in writing, persons to act as your agent. In Ontario, there are two kinds of powers of attorney. Powers of attorney name substitute decision makers to handle a)…
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Before The Unexpected Happens, You Can Protect Your Money While You’re Alive – Part 2

Read Part 1 of this post here. Your attorney is a person you name in a power of attorney document as your substitute decision maker for property. Your attorney is not a lawyer. The term attorney refers to the person who is your agent. You are the…
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When The Unexpected Happens, How Can You Protect Your Money While You’re Alive? Part 1

When the unexpected happens, you need to be ready to protect your money and family. You can prepare for the unexpected, an accident or injury, by having a substitute decision maker designated in a power of attorney. This person can take your place immediately or when you…
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Ontario Powers of Attorney for Property Summary

Will you become a victim because you don’t have a power of attorney (POA)? Powers of attorney are straightforward legal documents. However, in the wrong hands, they can become dangerous. I’ll clear up some essentials on powers of attorney for property. Power of Attorney for Property Essentials…
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Using Powers of Attorney for Property in Ontario

“What do I need to know about using powers of attorney for property in Ontario?” Dorothy was asking this question sitting in my Toronto law office. Dorothy needed to act under a power of attorney (POA). “What is the law in Ontario?” she asked. “Let me give…
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Ontario Power of Attorney for Property Options under the Ontario Substitute Decisions Act, 1992

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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Attorney in Ontario – Record Keeping Responsibilities

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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Estate Executors: Do You Know These Estate Definitions?

All estate executors must know these terms. Use this free glossary when you handle an estate. It will help you when you meet your estate lawyer. Estate Executor Definitions Estate Taxes-in Canada there are no estate taxes based on the overall size of the estate. However, there…
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Estate Planning – 7 Keys to Success – Protect Yourself Today

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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Estate Planning Resolutions

Here are 3 estate planning resolutions you can keep. Use them to protect your family and to give you peace of mind. 1. Make a will – resolve to invest in a professionally-prepared will. The cost of this investment, spread out over a number of years offers the…
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“I want to thank Ed and his firm for getting me through a very difficult time. He was recommended to me by another lawyer and I am grateful for that recommendation. Ed kept me grounded, listened to me, counseled me and supported me. I do so appreciate that. And he is worth every penny. Thank you!” - Claudia R, Toronto

“Thank you for your professional advice and lawyering while I was planning my will, all accompanied with your patience and a sense of humour.” - Valerie G, Toronto

“Ed is a "straight shooter" who tells it like it is and helps you make the best possible decisions in your circumstances. I've personally seen the "magic" he can work in an estate and recommend him without reservation to anyone who wants an iron clad will or estate advice and management that saves money, frayed nerves and friendships.” - Jim R, Burlington

I have used Edward Olkovich for my own Will and I was the executor of my Brother-in-law’s will. My brother-in-law had a terminal illness and Edward had us devise his Will to minimize taxes and problems. Ed is located locally @ Jane and Bloor. He was very knowledgeable, friendly and thorough and has written many books on the subject. - Belinda M, Toronto

Ed is a thorough, responsive estates lawyer who I would recommend to anyone when needing a will or dealing with estate issues. - Eva S, Toronto

Dear Ed and “Team Olkovich” “Thank you for your knowledge, expertise and hard work to make our executor duties (almost) stress-free. Will miss the laughs and stories you tell so well. All our appreciation always!” - Pat, Dave & John, Toronto

Dear Ed, Thank you for all your wisdom and kindness throughout the process of settling Ann’s Estate. - Cheryl, Toronto

“The easiest professional I had to deal with to settle my parents’ needs was Ed. I told him what we needed. He was gracious with his advice and help - without delaying matters.” - Iain N., Toronto

“Magic! The guy knows magic!” - Steve G., Toronto

“In the land of estate law, Ed is King.” - Cheryl W., Toronto

Edward Olkovich Law Certified Specialist, Estates and Trust Law

Tag: power of attorney