This is excellent video! A family member and I are working through getting our POA and will updated/ created for myself. We are also looking at working with corporate trustee but first call with them was ovewhelming. this helped break down our options. Thank you!
Sometimes people don’t have anyone who is up to the task to appoint, and don’t have sufficient assets to attract corporate trustees. It’s a pretty widespread problem!
Enduring can last beyond mental incapacity (ie. dimensia). a General power of attorney may be invalid of the donor/grantor loses mental capacity. Best to review your documents to be sure.
Thank you for the info. I wasn't sure if my wife and I had a designated power of attorney for property, but we do! Good to confirm.
Thanks for watching!
This is excellent video! A family member and I are working through getting our POA and will updated/ created for myself. We are also looking at working with corporate trustee but first call with them was ovewhelming. this helped break down our options. Thank you!
Thanks for watching!
I understand Mark is working on Ontario law. How different are the laws in other provinces?
Sometimes people don’t have anyone who is up to the task to appoint, and don’t have sufficient assets to attract corporate trustees. It’s a pretty widespread problem!
Mark, is an Enduring Power of Attorney the same as a General Power of Attorney? Thank you.
Enduring can last beyond mental incapacity (ie. dimensia). a General power of attorney may be invalid of the donor/grantor loses mental capacity. Best to review your documents to be sure.
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