New Powers of Attorney Rules
Posted on April 12, 2012
Richards Buell Sutton LLP lawyer, Tim H.R. Brown, was the key-note speaker at a seminar hosted by a local financial institution. Mr. Brown’s presentation provided an overview on the recent changes to the legislation governing Powers of Attorneys in British Columbia, including the new form of Enduring Powers of Attorney (“EPA”) and its role in incapacity planning.
The presentation provided the audience with important information on various topics related to EPAs, including the following:
- Who can make an EPA? New Capacity Test
- Who can be appointed as attorney under an EPA
- Appointment of more than one attorney/alternate attorney(s)
- Compensation and expenses of attorneys
- Powers and duties of the attorney
- Execution of EPAs
- Storage of EPAs
- Changes/Revocation of EPAs and resignation by attorneys