A Power of attorney appointee and executor have a lot of responsibilities. Naming the right person for either job can be challenging. You want to make sure you choose someone responsible and an individual that you trust completely. Although many people name their spouse or an adult child as their agent, you should take into account many factors before signing any documents. Make a Power of attorney part of your will and estate planning in Rockland.
What Abilities Should Your Executor Have?
In Ontario, a Power of attorney appointee should be over the age of 18 and mentally competent to act on your behalf, but beyond that, you want your agent to have certain characteristics:
- Trust – does this person have your best interests at heart?
- Organization – does this individual have the ability to manage deadlines and keep up with paperwork?
- Knowledge – while your power of attorney is normally not a lawyer, your agent certainly does need to understand how to handle the situation, whether they’re acting on your behalf in selling your home or while your estate is going through probate.
- Willingness - is this person able and willing to take on the responsibilities? Someone who is dealing with their own health issues or financial problems may not have the energy to deal with your needs too.
Ottawa wills and estate lawyers can answer all your questions about what you should know about wills and powers of attorney and help you make decisions about who you should name to handle your affairs.
Create Your Estate Plan that Includes Powers of Attorney
Wills and estate lawyers in Prescott-Russell can help you create your estate plan that includes Powers of Attorney. Contact us to discuss your needs.