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The Rural Voice, 1998-12, Page 58The powers of a Power of Attorney By Brian Lang Agriculture and Rural Representative Duff's Corners, OMAFRA Who will take care of your affairs if you are incapacitated? In the event of your death the estate executor will administer your estate. But their authority only begins after your depth. It provides no management authority during your lifetime. You must designate someone to -have this authority. The Substitute Decisions Act came into place in April, 1995. The act allows a person to designate a Power of Attorney to make both financial and personal care decisions. They do not have to be the same person. A Power of Attorney grants someone authority to act on your behalf and to sign your name, so the Attorney should be selected with care. They need to be trustworthy and able to competently handle your affairs. It is practical to choose someone who lives close enough to be able to deal with situations easily. The actions of the Attorney are binding on the Grantor, but there is an obligation to act in the Grantor's best interests and to keep accounts of transactions. The use of the word "Attorney" does not mean that a lawyer has to be appointed. In fact, it is usually someone else. It is possible to name more than one person to "Jointly" or "Severally." "Jointly" means that all would have to sign documents to make them legal, and "Severally" means that any one of the attorneys could act on your behalf. If they are required to act jointly, include instructions on treating disagreements in the Power of Attorney. Some lawyers favour naming an alternate to act in the event that the original person is unable to serve as attorney. In the absence -of a Power of Attorney, the law allows the Public Guardian and Trustee office to look after a person's affairs. Family members, a trust company selected 54 THE RURAL VOICE Legal Advice by the incapable person's spouse or a person who already has a Power of Attorney for Property for some but not all of the incapable person's property may apply to replace the Public Guardian and Trustee. Security may be required to be posted by this new guardian. A Power of Attorney that was made without considering the implications of the new law should be checked with a lawyer to be sure it is valid under the new legislation. Specific wording is required in order to be valid. There are two basic types of Power of Attorney. The first is a Power of Attorney to do business known as a "Continuing Power of Attorney for Property." The second is a "Power of Attorney for Personal Care" wherein you appoint someone to make medical and other care decisions on your behalf if you are not able to make them. In addition, a person may wish to utilize a limited Power of Attorney for a specific purpose or time length. The Power of Attorney is often drawn up at the same time as a will and it should be updated as circumstances change. Lawyers will often retain the document in their safe until the Grantor's health deteriorates, removing the possibility for it to be abused, or misplaced. It is important to discuss your wishes with the person named in your Power of Attorney so that they can manage your affairs in the way that you would like. One of the problems with a continuing Power of Attorney for property is that once it comes into effect, it will remain in effect until revoked. If revoked, it ceases to exist and can not be exercised again. Accordingly, if a person is mentally competent, but wishes to leave his business affairs in the hands of someone else for a short period of time, a continuing Power of Attorney for property should not be used. A separate Power of Attorney for a specific purpose or a limited time should be prepared. For example, financial institutions have Power of Attorney forms that apply only to that institution. The Power of Attorney may be limited to the operation of bank accounts and payment of bills, mortgages and loans or it may be general and permit the attorney to borrow money in the principal's name and manage investments. As with any legal document, read it carefully before signing and consult a lawyer if you have concerns or questions about it. The lender's Power of Attorney may be useful in addition to a legal Power of Attorney, but is usually too limited by itself to allow someone to carry on the farming business. Under the Substitute Decisions Act, a person can choose someone through a Power of Attorney to make personal care decisions for you if you are mentally incapable of making the decisions yourself. You cannot appoint as attorney someone who is providing you with care for compensation unless that person is also a relative. The Power of Attorney for Personal Care can include instruction to the Attorney, with regard to your wishes. The instructions need to be clear and specific and should be discussed with the person appointed as attorney. Remember, you will not be able to clarify your wishes at the time the Power of Attorney is needed. Contact a lawyer to get your affairs in order.0 MS FACT #1 Canada has one of the highest rates of multiple sclerosis in the world. MuItipIe sclerosis Society of Canada 1-800-268-7582