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Difference between revisions of "You Have Been Appointed as an Attorney"
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You Have Been Appointed as an Attorney (view source)
Revision as of 02:52, 13 December 2017
, 02:52, 13 December 2017→A scenario
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==A scenario== | ==A scenario== | ||
[[File:Martina---Managing-Someone-Else's-Money.jpg | {{PLSStorybox | ||
| image = [[File:Martina---Managing-Someone-Else's-Money.jpg |link=]] | |||
| text = "I worry that as I get older I might get sick and won't be able to pay my bills or make decisions about my money. I'd like to appoint you to make decisions for me in case I become mentally incapable." <br>- Anita, Burnaby | |||
}} | |||
Let's start with a scenario about how you might have become an attorney under a power of attorney.  | |||
Your family member or friend is worried that she will get sick and won't be able to pay her bills or make other decisions about her savings and her house. For this guide, let’s call her '''Martina'''. Martina has signed an '''enduring power of attorney'''. This kind of power of attorney continues if person making it becomes mentally incapable. In it, Martina names you as her attorney. She gives you the power to make decisions about money, property and other legal matters for her. | |||
Your family member or friend is worried that she will get sick and | |||
The law gives you a lot of responsibility as Martina’s attorney under her power of attorney. You are now a fiduciary with '''fiduciary duties'''. | The law gives you a lot of responsibility as Martina’s attorney under her power of attorney. You are now a fiduciary with '''fiduciary duties'''. | ||