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Difference between revisions of "Four Key Duties of a Fiduciary"
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Four Key Duties of a Fiduciary (view source)
Revision as of 20:53, 19 March 2018
, 20:53, 19 March 2018→Don't pay yourself unless the power of attorney allows it
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===Don't pay yourself unless the power of attorney allows it=== | ===Don't pay yourself unless the power of attorney allows it=== | ||
Don’t pay yourself for the time you spend acting as Martina’s attorney, unless the power of attorney allows it. [http://canlii.ca/t/849l The law] says that you can be paid for acting as an attorney '''only if''' the | Don’t pay yourself for the time you spend acting as Martina’s attorney, unless the power of attorney allows it. [http://canlii.ca/t/849l The law] says that you can be paid for acting as an attorney '''only if''' the power of attorney document says you can and sets out the amount or rate. | ||
If you do pay yourself, be sure to charge a reasonable fee based on the amount or rate set out in the power of attorney. Carefully document how much time you spend and what you do. | If you do pay yourself, be sure to charge a reasonable fee based on the amount or rate set out in the power of attorney. Carefully document how much time you spend and what you do. | ||