Pursuant to Power of Attorney Act of BC, a Power of Attorney will end in any of
the following ways:
· Once the adult dies (who grants power to
his/her attorney)
· If the adult revokes it
· After three years, unless the Power of Attorney
is enduring or if there is an expiry date explicitly stated in the Power of
Attorney
· If the Power of Attorney is terminated by an
act of the court
· If the attorney resigns (in accordance with
section 25 of the Power of Attorney Act)
· If the attorney:
Ø resigns (in accordance with section 25 of the
Power of Attorney Act)
Ø is the adult’s spouse and their marriage or marriage-like
relationship ends
Ø becomes incapable or dies
Ø is bankrupt
Ø is a corporation and the corporation dissolves,
winds up or ceases to carry on business
Ø is convicted of a prescribed offence or an
offence in which the adult was the victim
The original of your Power of
Attorney is required by the Attorney when s/he needs to act on your behalf. You
can give the document to your Attorney now, or inform him/her of the location
of the document. In any case, it should be kept in a safe place.
The original Power of Attorney
may be filed in the Land Title Office for future use. The Registrar of Land
Titles will, if you wish, make a certified true copy for the filing and give
the original back to you.
You can choose almost anyone to
be your Attorney. It must be someone that you can really trust as that person
will be authorized by you to deal with all financial and legal affairs that you
can do on your own.
Pursuant to Power of Attorney Act of BC, an attorney must:
· be at least 19 years of age (must be an adult)
· not be someone who provides personal care or
health care services to the adult for compensation, unless that person is your
child, parent or spouse
· not be an employee of a facility in which the
adult resides and through which the adult receives personal care or health care
services, unless that person is your child, parent or spouse
It will depends on whether it meets
the requirements of the Power of Attorney
Act of BC. Please allow me to review it so that I will be in a better
position to advise.
No. A Power of Attorney issued by
a financial institution is only operative for the specified transactions
performed within that institution. For dealings outside that institution, you
will require a Power of Attorney that is made pursuant to the appropriate
legislation. I can assist you in preparing a Power of Attorney based on your
needs.
A Will only takes effect upon
one’s death. In contrast, a Power of Attorney is only effective while one is alive.
Yes, you can. You must specify in
your Power of Attorney that whether you want these Attorneys act together or
may act separately.
Generally, your attorney can do
almost everything that you can do in terms of dealing with legal and financial affairs.
Alternatively, you can specifically state in the Power of Attorney that what powers
you would grant to your attorney.
Please keep in mind that the
attorney CANNOT make a Will for you nor modify anything in the Will for you.
Your attorney cannot make health care and personal care decisions for you
either. You may appoint someone to make those decisions
on your behalf by way of a Representation Agreement. This agreement is created
to ensure that your wishes for health care and personal care are met.