powers of attorney act
DESCRIPTION
Powers of Attorney Act. Considering Reform Thoughts for Current Practice. Kelly L. Greenwood Barrister & Solicitor. Overview. Background Discussion About Reform: Scope and Capacity/Formalities Donor Appointments/Attorney Duties Monitoring/Accounting Varying/Terminating - PowerPoint PPT PresentationTRANSCRIPT
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Powers of Attorney ActConsidering Reform
Thoughts for Current Practice
Kelly L. GreenwoodBarrister & Solicitor
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Overview
Background Discussion About Reform:
Scope and Capacity/Formalities Donor Appointments/Attorney Duties Monitoring/Accounting Varying/Terminating Public Education/Abuse
Thoughts on Current Practice
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Background
Common Law – Agency Law 1970’s Reform Discussions May 25, 1988 – Change Arrives in Nova
Scotia Use of Enduring Powers of Attorney
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Scope and Capacity
Presume Capacity, or not? Define Capacity Assess Capacity Declare Contingency Trigger Confidential Information
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Formalities
Writing, Date, Signature Witnesses Witness Statements Independent Legal Advice Attorney Acceptance
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Donor Appointments
Who Can Act? Impact of Criminal Convictions Undischarged Bankrupts Paid Personal Care Workers Security Decision Making by Joint Attorneys Scope of Authority Compensation/Reimbursement
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Donor Rights
Continuing to Act Revocation Requiring an Accounting Requiring Donor’s Interests be Served
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Attorney Duties
Duty of Loyalty Follow Instructions Avoid Conflicts No Co-Mingling/Self Dealing No Delegating Account to Donor
Duty of Care
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Expanded Attorney Duties
Duty to Act Facilitating Contact Making Investments Preserving Donor’s Will
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Monitoring and Accounting
Registration Notice of Attorney Acting Keep Records Account – To Whom?
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Varying and Terminating
By Donor By Court Revocation Irrevocability
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Public Education
Standard Forms Public Legal Education Best Practices Mandatory Termination
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Thoughts on Current Practice
Trust is Crucial Name Alternate(s) Witness Statement of Capacity Include Duty to Account Identify Recipient(s) of Accounting List Duties List Examples of Powers
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Questions, Comments, Discussion
Think and Talk about the Issues Send Comments to the Law Reform Commission
Email [email protected] Phone (902) 423-2633 Write to:
Law Reform Commission of Nova Scotia
2nd Floor, 1484 Carleton Street
Halifax, Nova Scotia B3H 3B7
COMMENTS OPEN TO JUNE 30, 2014