Category: Power of Attorney
Protect Yourself from Elder Abuse Using a Power of Attorney
The majority of estate litigation matters in Canada centre around alleged financial abuse — either the financial abuse of elderly individuals or abuse by a personal representative when executing an estate. Sometimes, elderly individuals are at risk because they may not be able to protect themselves adequately from demands for money as they age. Other times, undue influence is claimed, usually by a family member of a deceased individual who accuses another individual of exerting undue pressure on the deceased when preparing estate planning documents like a will or power of attorney. One avenue open in such situations is [...]
How to Make a Power of Attorney in Alberta
A power of attorney is an important estate planning document for many Albertans and, unlike a will, it can help protect you and your finances while you’re still alive. If you face an emergency that leaves you unable to make important financial decisions, a power of attorney authorizes an individual (or individuals) to legally make decisions on your behalf. But there are different types of power of attorney and, to be valid in Alberta, you must follow a set of guidelines when creating one. Here’s what you need to know. Contact Us Today What is a general [...]
Enduring Power of Attorney Vs. Personal Directives
Most people in Alberta know that they need to make a last will and testament at some point in their lives. But there are two other essential estate planning documents that far fewer people are either aware of or get around to creating. If a person loses mental capacity or faces a medical emergency that leaves him/her unable to make financial and healthcare decisions in the future, it can lead to considerable problems for family members. An enduring power of attorney and personal directive help decide matters that may affect a person while still alive — unlike a will, [...]
Why Should I Hire an Estate Planning Lawyer?
For most of us, planning for what will happen when we pass away is something we would rather not think about. However, there are some good reasons why taking care of your estate planning now is a good idea – one that can actually give you and your loved ones some reassurance and peace of mind. The process doesn’t have to be painful, either. An experienced estate planning lawyer will know what matters need to be addressed, and can help you turn your mind to the relevant considerations. Then they can walk you through the steps of putting in [...]
How is a Power of Attorney Different from a Personal Directive in Alberta?
Power of Attorney VS Personal Directives Comprehensive estate planning involves more than simply writing a will to take care of matters after you pass away. You also need to plan for your later years, when you may lose the power to make decisions for yourself and loved ones need to manage your healthcare, living arrangements, and finances. Family members can't make decisions on your behalf without the right documents. Your estate plan must, therefore, include a power of attorney and a personal directive. But what, specifically, do they accomplish, how do they differ, and what do you [...]
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