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Difference between revisions of "Preparing a Power of Attorney"
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Preparing a Power of Attorney (view source)
Revision as of 06:35, 22 March 2018
, 06:35, 22 March 2018→It can help if you physically can't take care of matters
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=== It can help if you physically can't take care of matters === | === It can help if you physically can't take care of matters === | ||
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| text = "I want to spend the summer visiting my grandchildren in France. I'll be gone for several months, and I'd like to enable my niece to pay my bills while I'm away. I learned I can do that by making a power of attorney that is limited. In it, I authorized my niece to access my bank account only to deposit my pension cheques and pay my bills, and only until I come home from my trip." <br> – Helga, Victoria | | text = "I want to spend the summer visiting my grandchildren in France. I'll be gone for several months, and I'd like to enable my niece to pay my bills while I'm away. I learned I can do that by making a power of attorney that is limited. In it, I authorized my niece to access my bank account only to deposit my pension cheques and pay my bills, and only until I come home from my trip." <br> – Helga, Victoria | ||
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There are several reasons you might make a power of attorney. A power of attorney can be a good option if you are physically unable to look after your affairs due to travel or injury. | |||
A power of attorney enabling someone to look after your affairs while you are traveling would be an example of a '''limited power of attorney'''. This is also called a "specific power of attorney". Your attorney’s powers are limited to a specific task or a specific period of time. For example, you give someone power of attorney to sign the papers on the sale of your home while you’re out of the country on vacation. | A power of attorney enabling someone to look after your affairs while you are traveling would be an example of a '''limited power of attorney'''. This is also called a "specific power of attorney". Your attorney’s powers are limited to a specific task or a specific period of time. For example, you give someone power of attorney to sign the papers on the sale of your home while you’re out of the country on vacation. | ||
