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Difference between revisions of "Substitute Decision Making for Adult Guardianship (15:IV)"
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Substitute Decision Making for Adult Guardianship (15:IV) (view source)
Revision as of 00:17, 25 September 2020
, 00:17, 25 September 2020→c) Banks, Credit Unions and Other Financial Service Providers
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If the adult signs an institution’s POA, this can sometimes create a conflict between POAs. These important questions should be asked: | If the adult signs an institution’s POA, this can sometimes create a conflict between POAs. These important questions should be asked: | ||
• What does the adult want to do? | • What does the adult want to do?<br> | ||
• What kind of POA should apply? | |||
• Is the financial institution’s form suitable? | • What kind of POA should apply?<br> | ||
• Is the financial institution’s form suitable?<br> | |||
• Has the adult received suitable independent legal advice? | • Has the adult received suitable independent legal advice? | ||
The adult should '''not''' sign a POA form without seeking legal advice. For more information on preparing documents, consult the '''Appendix''' or organisations such as Nidus Personal Planning Resource Centre and Registry. Contact information may be found in section '''II. D: Resource Organizations''' of this chapter. | The adult should '''not''' sign a POA form without seeking legal advice. For more information on preparing documents, consult the '''Appendix''' or organisations such as Nidus Personal Planning Resource Centre and Registry. Contact information may be found in section '''II. D: Resource Organizations''' of this chapter. | ||
'''NOTE:''' It is good practice to notify financial institutions and agents that a new POA has been made and/or that the previous POA has been revoked. This can be done in writing, with a copy of the new POA. | '''NOTE:''' It is good practice to notify financial institutions and agents that a new POA has been made and/or that the previous POA has been revoked. This can be done in writing, with a copy of the new POA. | ||
=== 3. Other Jurisdictions === | === 3. Other Jurisdictions === | ||