Articles
How to Choose the Right Power of Attorney: Key Factors to Consider
Author: Philippe Richer
Making decisions about who will handle your affairs if you become unable to do so is one of the most important steps you can take for your future well-being. In Manitoba, this involves two key documents:
- Power of Attorney (POA) – Handles financial and legal matters
- Health Care Directive – Outlines your healthcare wishes and names a proxy to make medical decisions
When choosing your POA and health care proxy, consider these essential factors:
Trustworthiness
Your representatives will have significant responsibilities. Choose people who have demonstrated responsible decision-making and strong ethical values throughout their life.
Financial Capability
For your POA, select someone who has shown good judgment in handling their own finances. They don’t need to be a financial wizard, but they should understand basic money management.
Availability and Proximity
Consider choosing people who live relatively close by and have the time to handle these responsibilities. Managing someone’s affairs often requires in-person meetings and quick decisions.
Communication Skills
Your representatives may need to work with banks, healthcare providers, and family members. Good communication skills help ensure your wishes are properly carried out.
Common Pitfalls to Avoid
- Choosing someone just because they’re your oldest child
- Selecting someone without discussing it with them first
- Picking someone who’s too busy to handle the responsibility
- Failing to name alternates in case your first choices can’t serve
Starting the Conversation
Once you’ve identified potential candidates, have an open discussion about:
- Your expectations and wishes
- Their willingness to serve
- Any concerns they might have
- Where important documents are kept
- Your healthcare preferences
Remember, you can update these documents if circumstances change. The key is having them in place before you need them.
Taking the Next Step
While choosing your representatives requires careful thought, don’t let perfectionism prevent you from making these crucial decisions. Having no documents in place could leave your family facing a lengthy court process if you become incapacitated.
Need Help Getting Started?
Setting up your Power of Attorney and Health Care Directive is important, but you don’t have to figure it out alone. Our legal team can walk you through the process, explain all your options, and help you put the right documents in place to protect your future.
Contact us today to discuss your Power of Attorney and Health Care Directive needs. Taking this step now gives you and your family peace of mind knowing your affairs will be handled according to your wishes.