How to Get Power of Attorney in Alberta?
Imagine facing problems while deciding due to illness, injury, or any other circumstance,
Ever thought about who would make important decisions on your behalf
Having a reliable person to handle your affairs is quite essential. The role of power of attorney is the most important in this case. You can ensure that an expert and trusted lawyer is taking your decisions and protecting your assets on your behalf.
But first, you need to know how to create a power of attorney. Also, you need a reliable lawyer who can do all this work for you without any hassle.
Wondering how to accomplish these?
You will get to know about all the details on the power of attorney Alberta in the following discussion.
What is the Power of Attorney?
It is a legal document that gives a specific person, who is a lawyer, the power to act on behalf of another person, who is a donor or grantor. Your lawyer will have the ability to decide and act according to the document’s instructions. Depending on your needs and desires, the donor’s power may be given in a broad or limited scope.
Why do You Need a Power of Attorney?
You need to know multiple factors to get a crucial power of attorney.
First, it allows you to choose someone you can rely on to act on your behalf when you become disabled due to an accident, illness, or other conditions.
Second, you can handle your affairs easily, reducing the possibility of family disputes.
Thirdly, it will ensure that your choices are appropriately handled, and all your assets are well protected.
How Can You Get Power of Attorney in Alberta?
Getting Power of Attorney in Alberta is a straightforward process. Here are the steps you need to follow:
1. Choose an Attorney
First, you need to select a reliable person to serve as your lawyer. This person has to be someone you can rely on to act in your best interests, even if those interests’ conflict with theirs. The lawyer can be a relative, close friend, or trusted adviser.
2. Fill Out the Power of Attorney Form
After deciding who to choose as your lawyer, you must complete a Power of Attorney form. Alberta has two different kinds of powers of attorney – general and specialized powers.
With a general power of attorney, you can discuss the responsibility of handling your finances and making decisions with your lawyer. This kind of power of attorney can be helpful if you plan to travel abroad for a long time, have an illness, or are so injured that you cannot manage your affairs.
On the other hand, a specialized Power of Attorney allows your agent to act on your behalf exclusively in the context of a specific situation, like selling a particular piece of real estate or managing a specific investment.
3. Sign the Power of Attorney Form
You must sign the Power of Attorney form after completing it before a witness who is neither the attorney nor a relative. The witnesses must sign the form as well.
4. Have the Attorney Accept the Role
After you and the witness have both signed the document, you must have the lawyer do the same to know that they are playing the part.
5. Get the Form Notarized
A lawyer or a notary public must notarize the Power of Attorney to become enforceable in court. Thus, the notary or lawyer will vouch for your free and detailed consent to the execution of the document and your knowledge of its contents.
6. Keep the Original Form in a Safe Place
After the form is notarized, you need to keep the original form in a safe place and provide copies to the lawyer and other relevant parties as required.
To Conclude
Having a power of attorney will ensure that your affairs are appropriately managed while you are incapable or absent. You must know the obligations and constraints related to this function, whether you appoint someone to act on your behalf or are nominated as an attorney yourself.
You can work on the procedure confidently and gain the required legal support if you can stick to the legal requirements and seek help from a lawyer or notary public. You can finally relax knowing that your desires will be honored and your interests protected when you have a power of attorney in place.
