Enduring Power of Attorney for Finances in Vancouver | Granville Law Group – Protect Your Financial Future

Enduring power of attorney for finances

A Power of Attorney will enable someone you trust to deal with your finances in your stead when you are not available or in the event you are incapable for medical reasons.

Ensure your wishes are followed

A Power of Attorney is a component of estate planning.  It can help to ensure things go according to your wishes as much as possible, both for your benefit and for the benefit of those you love, even when you can no longer ensure it yourself. 

If you have not made a Power of Attorney and are not able to deal with finances yourself, it would be very difficult or impossible for someone else to do it for you.  In that instance it is necessary to apply to the BC Supreme Court for an Order appointing a Committee, who may not deal with your finances the way you would yourself or may not know how you wanted your finances managed. 

You can find additional information on our blog.

Protect your interests. Get legal advice today

Contact Granville Law Group and schedule a free, 30-minute consultation with our lawyers. Call us at 604-669-6580 or arrange a meeting using our online contact form

enduring power of attorney

Frequently Asked Questions

1. What is an Enduring Power of Attorney?

An Enduring Power of Attorney is a legal document that appoints someone to handle your financial and legal matters if you become unable to do so yourself.

2. Why is an Enduring Power of Attorney important in estate planning?

It ensures that your financial affairs are managed according to your wishes, preventing the need for court-appointed guardianship, which may not align with your preferences.

3. How does an Enduring Power of Attorney differ from a general Power of Attorney?

Unlike a general Power of Attorney, which becomes invalid if you lose mental capacity, an Enduring Power of Attorney remains effective even if you become incapacitated.

4. Who should I appoint as my attorney in an Enduring Power of Attorney?

Choose a trustworthy individual who understands your financial matters and will act in your best interests, such as a close family member or a trusted friend.

5. Can I limit the powers granted in an Enduring Power of Attorney?

Yes, you can specify which financial and legal decisions your attorney is authorized to make, tailoring the document to your specific needs.

6. What happens if I don't have an Enduring Power of Attorney and become incapacitated?

Without an EPA, a court may appoint a committee to manage your affairs, which can be a lengthy and costly process and may result in decisions that don’t reflect your wishes.

6. What happens if I don't have an Enduring Power of Attorney and become incapacitated?

Without an EPA, a court may appoint a committee to manage your affairs, which can be a lengthy and costly process and may result in decisions that don’t reflect your wishes.

7. Is an Enduring Power of Attorney valid across Canada?

While EPAs are recognized throughout Canada, specific legal requirements vary by province. It’s essential to ensure your EPA complies with local laws.

8. Can I revoke or change my Enduring Power of Attorney?

Yes, as long as you are mentally capable, you can revoke or amend your EPA at any time by following the proper legal procedures.

9. Does an Enduring Power of Attorney cover health care decisions?

No, an EPA typically covers only financial and legal matters. Health care decisions are usually addressed in a separate document, such as a Representation Agreement.

10. How can Granville Law Group assist with setting up an Enduring Power of Attorney?

Granville Law Group offers personalized legal services to draft and implement an EPA that aligns with your estate planning goals, ensuring your financial affairs are managed according to your wishes.