Granting someone authority over my finances, the current law in Alberta on Powers of Attorney.

arlene blakePodcast Transcript – Arlene Blake

Arlene Blake is a lawyer practicing in Alberta. She helps us understand some of the Power of Attorney issues that she deals with for her clients. Throughout our conversation, she talks about:

  • What should I do to ensure my finances are taken care of in the event I lose the ability to manage them on my own?
  • What is the name of the document created for this purpose?
  • How do I decide who to give the power to, and what is that person called in the document? What if something happens to my Attorney?
  • Can I give authority to someone when I still have the mental capacity to make my own decisions, but no longer have the same mobility?
  • What duty does the Attorney have towards me and my finances?
  • What if I don’t want my Attorney to have unrestricted powers over my finances?
  • Can I revoke the document? And if so, how?

 

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