Canadian Power of Attorney
Preview document - "Power Of Attorney"
Frequently Asked Questions
What is an Attorneys
An agent is under the control (is obligated to) the principal, and (when acting within the scope of authority delegated by the principal) binds the principal with his or her acts. Additional powers are assigned to agent under the legal concept of 'apparent authority'.
What qualifications does an Attorneys need?
First, the Attorneys does not have to be an actual lawyer. The Attorneys must be a capable adult. The Attorneys cannot be an undischarged bankrupt. The Attorneys should not be the owner, operator or employee of a nursing home or extended care facility in which the principal is a resident.
What qualities should I look for in an Attorneys?
Your Attorneys must be someone whom you trust completely. In addition, remember that your Attorneys will have complete authority to deal with your financial and legal affairs (subject to any limitations or restrictions specified in your Power of Attorney). You should ensure that the person you choose has adequate financial management skills and sufficient time to handle your affairs properly. Your Attorneys must be available when required, be able to objectively make decisions and be able to keep accurate financial records.
What are the obligations of my Attorneys?
Your Duties As Attorneys. You have just been appointed as an agent, or “attorney-in-fact,” under a durable power of attorney. The purpose of this sheet is to explain your duties, responsibilities, and powers under that document.
Do I require a substitute Attorneys?
It is a good idea to appoint an alternate/substitute Attorneys but it is not absolutely necessary. An alternate/substitute Attorneys can only act when the primary Attorneys is unable or unwilling to continue acting for the principal.