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Difference between revisions of "More Things You Should Know About Being an Attorney"
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More Things You Should Know About Being an Attorney (view source)
Revision as of 23:32, 19 March 2018
, 23:32, 19 March 2018→If there are other types of fiduciaries involved
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The Public Guardian and Trustee may become involved as a “statutory property guardian” if a person is determined to be incapable of managing their financial affairs. If this happens, every power of attorney given by person is '''suspended'''. The Public Guardian and Trustee will determine whether they should take over and end the power of attorney, or whether the attorney should continue to act. | The Public Guardian and Trustee may become involved as a “statutory property guardian” if a person is determined to be incapable of managing their financial affairs. If this happens, every power of attorney given by person is '''suspended'''. The Public Guardian and Trustee will determine whether they should take over and end the power of attorney, or whether the attorney should continue to act. | ||
Alternatively, the adult may have a “pension trustee”. This is a person appointed by a government agency to manage government money paid to someone (such as an Old Age Security pension). If Martina | Alternatively, the adult may have a “pension trustee”. This is a person appointed by a government agency to manage government money paid to someone (such as an Old Age Security pension). If Martina has a "pension trusteeship", your power of attorney should override that arrangement. Notify the person or agency appointed as pension trustee. | ||
It is important to work with these other fiduciaries, and keep them informed. | It is important to work with these other fiduciaries, and keep them informed. | ||