When do you need a Power of Attorney?

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When do you need a Power of Attorney?

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According to the Alzheimer’s Society of Canada, over 450,000 Canadians over 65 are suffering from Alzheimer’s or a similar condition that causes dementia and leads to mental incapacity. One third of Canadians know someone who has Alzheimer’s. And, the situation is only going to get worse. It is expected that by the year 2031 over 750,000 Canadians will be suffering from Alzheimer’s or a related disease.

Alzheimer’s is a difficult disease to fight. There are no known causes and it is not known how to stop its progression, the Alzheimer’s Society says. If you (or your parents) are starting to show signs of disorientation, memory loss, mood or personality changes or similar symptoms visit your doctor. But, it may also be time to put some protections in place to ensure your finances and property continues to be managed properly.

There are many serious issues to be considered when granting a Continuing Power of Attorney for Property. To read the rest of this article by Dynamic Funds, CLICK HERE. If you have questions please contact Harry or David.