Why is having a Power of Attorney important?

From Chilliwack Progress – Ask An Expert section

Many people, especially people with spouses, don’t really think they need a Power of Attorney. If one is unable to act on their own behalf, many assume that a spouse or family member can just step in and take care of legal and financial affairs such as selling property or insuring a vehicle.

This is not the case. Without a valid Power of Attorney, someone will likely have to go to court in order to obtain the authority to act on your behalf. This is typically a very expensive and time consuming process.

The solution is doing a Power of Attorney. It is a relatively inexpensive document that allows you to decide who will act for you if you are unable instead of leaving that decision in the hands of the courts.

 

Facebook
Twitter
LinkedIn

More Posts