Powers of Attorney in BC
What is a Power of Attorney?
A Power of Attorney is a legal document that allows a capable adult to appoint one or more adults to care for their financial and legal matters in the event they need assistance or become legally incapacitated. Financial affairs could include such things as everyday banking, paying for or changing phone, cable or other services, renewing, changing or canceling home or auto insurance, refinancing, selling or purchasing a home. A Power of Attorney does NOT give an Attorney the ability to make personal or health care decisions. For more information on appointing a health & personal care representative visit our Representation Agreement and Advance Directive section.
Who Should Get a Power of Attorney?
Anyone who owns a property, has minor children, travels, has any major health concerns or may be coming to a point in life where help to care for your finances would bring great relief should take the time to learn more about a Power of Attorney, and how it may be of assistance to them now or in the future.
Can I Name More Than One Attorney?
Yes, you can appoint more than one person to act as your Attorney. The law that came into effect September 1st, 2011 requires that the Power of Attorney document stipulate whether the Attorneys are required to act together or separately. If there is no reference in the document, then the law will presume that the Attorneys will be required to act together. During our interview process we discuss the implications of each scenario and help you to determine the situation that will work best for you and your Attorneys.
What Does it Cost to Get a Power of Attorney Drawn Up?
For more information about cost, please feel free to contact the Farley Martin Notaries office at 250-388-5905.