Life is unpredictable, and sometimes circumstances arise where we are unable to make decisions for ourselves. That’s where a Power of Attorney (POA) becomes invaluable. A POA is a legal document that allows you to appoint someone you trust to act on your behalf for financial decisions and legal matters if you become mentally or physically incapacitated, whether permanently or temporarily. The person you appoint as your POA is not a lawyer. An attorney is the appointed person in the document who can act on your behalf, usually a family member you trust or someone close to you.
Why Should I Have a Power of Attorney?
A POA is not just a legal document; it’s a plan for unforeseen events. Here’s why creating this legal document is a wise decision:
- Control and Clarity: A POA allows you to choose a trusted individual to act on your behalf, ensuring your wishes are followed.
- Avoiding Legal Complications: Without a POA, your family may have to go through lengthy and expensive court processes to gain the authority to manage your affairs.
- Peace of Mind: Knowing that someone you trust will handle your decisions if you’re unable to provides invaluable peace of mind.
There are also less serious, but more practical reasons for you to have a POA. Here are some examples of real-life scenarios to illustrate why having a POA is essential for any Canadian adult.
Problems Traveling Abroad
When Sarah’s son turned 19, he embarked on a months-long backpacking trip across Europe. Unfortunately, partway through his journey, his wallet, ID, and bank cards were stolen. Thankfully, Sarah had arranged to have her son’s Power of Attorney. This allowed her to step in immediately, contacting the appropriate agencies to replace his driver’s license and bank cards, ensuring he could continue his travels without significant disruption.
Mother with Alzheimer’s Disease
During the final years of Ellen’s mother’s life, Alzheimer’s disease progressively diminished her cognitive abilities. Knowing the unpredictable nature of such conditions, Ellen had her own Power of Attorney ready so that her husband could handle financial matters in her absence. This foresight allowed Ellen to travel to her mother’s side whenever needed, without worrying about her family’s financial obligations at home.
Supporting a Loved One with a Long-Term Illness
For over a decade, Julia managed her mother’s finances as her Alzheimer’s disease progressed. Armed with a Power of Attorney, Julia could pay bills, sell her mother’s house, secure pension benefits for healthcare, redirect mail, and even handle taxes. The POA allowed Julia to handle these responsibilities seamlessly, giving her mother the dignity of knowing her affairs were in trusted hands.
Younger Sister Falls Into a Coma
When 25-year-old Lisa suffered a sudden health crisis and fell into a coma, her family was unprepared. Thankfully, her older sister, Emma, had been designated as Lisa’s Power of Attorney. This allowed Emma to handle Lisa’s rent payments, medical insurance, and other essential tasks while Lisa remained unconscious.
This situation underscores a POA isn’t just for the elderly. Young people can benefit from having one in place for unexpected emergencies.
Father’s Serious Accident
One evening, Mark’s father had a terrible fall down the stairs, leaving him paralyzed and brain-damaged. As a result, the family faced tough decisions. For four weeks, they used the Power of Attorney to manage his financial affairs, ensuring his bills were paid and necessary arrangements were made in preparation for his passing. The POA was an invaluable tool during this emotionally and logistically challenging time.
Sudden Worldwide Events
The COVID-19 pandemic was a wake-up call for many. When borders closed and quarantines were enforced, unexpected challenges arose. For example, a Canadian couple stranded abroad during a house sale relied on their designated Power of Attorney to complete the transaction on their behalf. Similarly, others used their POAs to manage financial affairs when travel restrictions prevented them from being physically present.
How Carter Notary Can Help
At Carter Notary, we understand that creating a Power of Attorney is a deeply personal and important decision. As a Notary Public, Beverly Carter works to simplify the process and ensure your document is tailored to your unique needs while meeting the legal requirements of British Columbia. Our team takes the time to explain your options, answer your questions, and guide you in appointing the right person to act on your behalf.
Life is full of uncertainties, but with a Power of Attorney, you can face them with confidence. Contact Carter Notary today to schedule an appointment and take the first step toward safeguarding your future.