Difference between revisions of "Common Questions on Powers of Attorney"

Common Questions on Powers of Attorney (view source)

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 === The attorney's powers and responsibilities ===
-When you make a power of attorney, you give someone the legal power to take care of financial and legal matters for you. This might include paying bills, depositing or withdrawing money from your bank account, investing your money, insuring or selling your car, or selling your home.
+When you make a power of attorney, you can put '''limits''' on the power you give your attorney. For example, if you create a limited power of attorney giving your son only the power to deposit your pension cheques, then your son will have the legal power to do only that—deposit your pension cheques.
-You can put '''limits''' on the power you give your attorney. For example, if you create a limited power of attorney giving your son only the power to deposit your pension cheques, then your son will have the legal power to do only that—deposit your pension cheques.
 A power of attorney does not give the attorney authority to make decisions about your health care or personal care. (There are other planning tools for dealing with health and personal care.)
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 The attorney is like your agent. He or she must act honestly, in good faith and in your best interests. Your attorney must not take a personal benefit from your property.
 Your attorney must keep careful records of any financial activities, and must keep your affairs separate from his or her own.
 ===You can still make decisions===