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POWER OF ATTORNEY

Do you need a power of attorney?

 

A Power of Attorney is a document that appoints another person, called an “Attorney”, to deal with your business and property and to make financial and legal decisions for you. This might include paying bills, depositing or withdrawing money from your bank account, investing your money or selling your house. It can be very specific, granting your Attorney power to deal with a specific task such as selling a certain piece of property. It can also be very general, giving your Attorney the power to do anything that you could do on your own. A Power of Attorney can be useful if:

  • You are physically unable to look after your own affairs;
  • You are going to be out of the country and you need someone to look after your affairs while you are away;
  • You suddenly become mentally incapable due to illness, disease or accident;
  • You look for a simple and inexpensive way to plan ahead and choose the person who will help you with your finances.

Among other requirements, you must be mentally capable at the time you sign any type of power of attorney for it to be valid. In general, to be mentally capable means that you are able to understand and appreciate financial and legal decisions and understand the consequences of making these decisions.


 

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ARE YOU CONCERNED ABOUT HOW TO MANAGE YOUR PROPERTY AND FINANCES AS YOU AGE OR AS LIFE CHANGES?

It is a good idea to plan ahead for a time when you need help managing your financial and legal affairs. A Notary can help you to appoint another person or persons to handle your financial and legal affairs on your behalf in the event you are unable to do so yourself or need assistance. 

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Armita Mossalanejad Notary Corporation

1427 West Pender Street, Vancouver, BC V6G 2S3, Canada

TEL: (604) 229-2429 FAX: (604) 229-2089 EMAIL: armita@armitanotary.ca

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