Making the choice
By Peggy Armstrong, Lindsay Post Reporter
July 21, 2009
Ever looked at your kids and wondered how well they would take care of you? What if you don't have kids, who would you trust with your life?
Now is the time to find out.
Three documents will give other people control over your money, your personal care and, potentially, the circumstances of your death. They are the continuing power of attorney for property, power of attorney for personal care, and a do not resuscitate (DNR) order.
In a series of three articles, The Lindsay Post will examine each one and through expert advice help readers navigate potential pitfalls and red flags. This is the first in the series that will continue on Friday.
KAWARTHA LAKES - Imagine handing over every aspect of your finances and property to someone else and closing your eyes while they manage them.
That's essentially what you have to do in choosing a power of attorney (POA).
The Substitution Decisions Act of 1992 codifies that a power of attorney must:
- exercise reasonable care
- not obtain secret profits
- be accountable
- not allow his personal interests to conflict with those of the donor
- not make, change or revoke the will of the donor
Community Care City of Kawartha Lakes 705-324-7323
Haliburton Kawartha Lakes Elder Abuse Prevention Network 705-324-7323
Office of the Public Guardian and Trustee 1-800-668-9938 or 416-326-5300
Coming up on Friday: The Power of Attorney for Personal Care
(A very worthwhile series to follow .........AC)
Abridged
SOURCE: Lindsay Daily Post
Search Right Col/Labels for More Posts/Resources
No comments:
Post a Comment