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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 00:12, 11 October 2022
, 00:12, 11 October 2022→a) Section 7 Representation Agreements
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For greater clarity, the Regulations state that the routine management of the adult’s financial affairs does '''NOT''' include the following (s 2(2) ''RAR''): | For greater clarity, the Regulations state that the routine management of the adult’s financial affairs does '''NOT''' include the following (s 2(2) ''RAR''): | ||
(a) Using or renewing the adult's credit card or line of credit or obtaining a credit card or line of credit for the adult; | :(a) Using or renewing the adult's credit card or line of credit or obtaining a credit card or line of credit for the adult; | ||
:(b) Subject to subsection 1.(h), instituting a new loan, including a mortgage, on the adult's behalf; | |||
(b) Subject to subsection | :(c) Purchasing or disposing of real property on the adult's behalf; | ||
:(d) Guaranteeing a loan, posting security or indemnifying a third party on the adult's behalf; | |||
(c) Purchasing or disposing of real property on the adult's behalf; | :(e) Lending the adult's personal property or, subject to subsection 1.(v), disposing of it by gift; | ||
:(f) On the adult's behalf, revoking or amending a beneficiary designation or, subject to subsection 1.(r), creating a new beneficiary designation; and | |||
(d) | :(g) Acting, on the adult's behalf, as director or officer of a company. | ||
(e) Lending the adult's personal property or, subject to subsection | |||
(f) On the adult's behalf, revoking or amending a beneficiary designation or, subject to subsection | |||
(g) Acting, on the adult's behalf, as director or officer of a company. | |||
The creation of a s 7 RA does not require the services of a lawyer. | The creation of a s 7 RA does not require the services of a lawyer. | ||