© 2013 mary_plan_f+l.pdf · divorce) or to manage any legal proceedings on her behalf. ......
TRANSCRIPT
©2013www.nidus.ca
• Aprovince‐widenon‐profit,charitableorganization,inBritishColumbia.
• Aproviderofeducationandfacilitationforpersonalplanning,andwithspecificexpertiseonRepresentationAgreements.
• TheoperatorofaRegistryforpersonalplanningdocuments.
Nidus is the Latin term for nest: A symbol of safety, support and self-development.
Thisslideshowgivesbasicinformation.• Whatlegaldocumentscancoverfinancialandlegalaffairs?
• WhatifsomeoneisnotcapableofmakinganEPA?
• WherecanIgetmoredetails?
Nidus thanks the United Way of the Lower Mainland for its 3-year grant (2012 – 2015) to promote seniors independence through personal planning.
Nidus’missionistoenableadultsinB.C.tousepersonalplanningtostayinchargeoftheirlivesintheeventtheirmentalcompetencyiscalledintoquestion.Beinglabelledincompetent=beinginvisible.
Personalplanningisaboutmakingarrangementsintheeventyouneedhelpmakingdecisionsormanagingyouraffairsduringyourlifetime.
Estateplanningisaboutmakingarrangementsforafteryourdeath(forexamplemakingaWill).
Personalplanningisvoluntary– justlikeestateplanning.
• MaryhasAlzheimer’sDisease.MaryrequiresconsiderablesupportfromJohnwithdailylivingactivities aswellasmanagingfinancialaffairs.
• John’sgreatestconcernsare:‘DoIhaveenoughauthoritytocarryoutMary’swishesandwhowillsupportMaryifsomethinghappenstome?’
• Johnalsowantstoensuresomeonecancarryouthiswishesifhegetsillorinjured.
• MaryneedshelpTODAY,becausesheisnotcapableofmakinginformeddecisionsonherown.> Marywillalsoneedongoinghelp.
• JohnisplanningfortheFUTURE.Johnwantstoplannowincasehebecomesincapablelater.
Legalandfinancialaffairscanbecoveredbytwodifferentdocuments.
• AnEnduringPowerofAttorney.OR• ARepresentationAgreementSection7(RA7)– forroutinefinancialandlegalaffairs.
AnEnduringPowerofAttorney(EPA)ismorecomprehensivethantheRA7– itcoversmoreauthorities.
• Mostpeople,likeJohn,whocanmanagetheirownfinancesnow,willmakeanEPAincasetheybecomeincapableintheFUTURE.
• TheEPAhasspecificcapabilityrequirements– thereare6itemsthatyoumustunderstand.
TomakeanEPA,youmustunderstand:
• Thepropertyyouownanditsapproximatevalue;
• Theobligationsyouowetoyourdependents;
• Thatyourattorneywillbeabletodoonyourbehalfanythinginrespectofpropertythatyoucoulddoifcapable,exceptmakeawill,subjecttotheconditionsandrestrictionssetoutintheEPA;
• That,unlesstheattorneymanagesyourbusinessandpropertyprudently,theirvaluemaydecline;
• Thattheattorneymightmisusetheirauthority;and
• Thatyoumay,ifcapable,revoke(cancel)theEPA.
• MarydoesnotmeetthecapabilityrequirementsfortheEPA.Herdementiaisatanadvancedstageandsheisnotabletounderstandallsixitems.
• MarywillmakeanRA7tocoverroutinefinancialandlegalaffairs.
Mary will make a Representation Agreement Section 7 so John will have legal authority to help her with financial and legal affairs.
WithanRA7,therepresentativeisauthorizedtoassistMaryortoactonMary’sbehalfforlegalaffairs,forexample:
• Gettinglegalhelpandadvice.
• Hiringorinstructingalawyertobeginproceedings(exceptdivorce)ortomanageanylegalproceedingsonherbehalf.
• Settlinganinsuranceclaim(e.g.– withICBCinthecaseofacaraccident).
• RepresentingherinCourt.
WithanRA7,therepresentativeisauthorizedtoassistMaryortoactonMary’sbehalfforroutinefinancesasdefinedintheRepresentationAgreementActRegulation,forexample:
• Banking.
• Applyingforormanagingbenefits.
• Sellingavehicle.
• Managinginvestments.
• Re‐directingthemail.
• DealingwithCanadaRevenue.
AnextrasafeguardisrequirediffinancesareincludedintheRA7‐ eitherappointamonitorORtworeps.whoactjointlyforfinances.Thesafeguardiswaivediftherepresentativeisyourspouse.
ArepresentativedoesNOThaveauthorityto:
• Dealwithrealestatematters.
• Actasanofficerordirectorofacorporationtheadultownsorserveson.
• Makeriskyinvestments(daytrading,stockmarket).
• Makeagiftorloanoftheadult’smoneytoanotherperson.
TheseauthoritiescanbecoveredinanEnduringPowerofAttorney,whichrequiresyouunderstand6itemsinordertobeconsideredcapable.
AnEnduringPowerofAttorney(EPA)isalegaldocumentmostpeoplewillusetocovertheirfinancialandlegalaffairswhenplanningforthefuture.
• AnEPAdoesNOTcoverhealthcareorpersonalcaredecisions.> EvenifyourEPAhaswordingthatreferstohealthcare,itdoesnotapply.
John makes an RA9 to cover health care and personal care.
AnEnduringPowerofAttorneycanbeineffectwhileyouarecapableand ifbecomeincapable.Includingbothisrecommendedbylawyerswhospecializeinthisarea.
• Thisisusefulifyouarephysicallyunabletomanageyouraffairs– bedridden,onvacation.
• Italsoallowsforleastintrusiveinterventionofsupportatearlierstagesofdementia.
AnEPAcancover:
• ThesamefinancialandlegalauthoritiescoveredintheRA7.
• Dealingwithrealestatematters.
• Actingasanofficerordirectorofacorporationtheadultownsorserveson.
• Makingriskyinvestments– mustbestatedinthedocument.
• Makingagiftorloanoftheadult’smoneytoanotherperson– mustbestatedinthedocument.
WhatisthedifferencebetweenPowerofAttorneyandEnduringPowerofAttorney?
• SeeNidusfactsheet.
Gotowww.nidus.ca–Information– EnduringPowerofAttorney– Resources
ARepresentationAgreementSection7(RA7)isalegaldocumentspecificallydesignedforadults,likeMary,whosecapabilityisinquestionandwhoneedhelpmakingdecisionsandmanagingtheiraffairs.
• Thiscouldbeduetoashort‐termillnessorinjury.
• Thiscouldalsobeduetoalongertermdiseasesuchasdementiaoramorepermanentsituationsuchasanacquiredbraininjuryoradevelopmentaldisability.
IfJohndoesnotownrealestateanddoesnotneedtheotherauthoritiesthatareonlycoveredbytheEPA,hecouldchoosetomaketheRA7forroutinefinancialandlegalaffairs.
PlanningfortheFUTURE?
• ReadtheEPAfactsheet.Gotowww.nidus.ca – Information– EnduringPowerofAttorney–FactSheet.
• GotoalawyerornotarypublictomakeanEPA.
• YoucanregisteryourcompletedEPAwiththeNidusPersonalPlanningRegistry.
• MakeandregisteranRA9tocoverhealthcareandpersonalcare.Seetheslideshowatwww.nidus.ca – Self‐Help– MakingRA9.
AreyouhelpingsomeonetomakeanRA7?
• Gotowww.nidus.ca – Self‐Help– MakingRA7.SeetheSlideshow– MarymakesandregistersRA7.
• NolegalprofessionalisrequiredfortheRA7.
• ForMary,whoneedshelpTODAY,theRA7cancoverallareas– legal,financial,healthcareandpersonalcare.
Notsurewheretostart?Nidusoffers20minuteinformationappointments.
• Gotothewebsite– rightsidebar.
• ClickonBookNowtogototheappointmentcalendar– selecttypeofappointment.
> In‐personappointmentsinVancouver,Tuesdays,between10am‐noon.
> Phoneappointments,Thursdays,between1pm‐3pm.
• Feeis$25.00,slidingscaleforlowincome.Paybycredit/debitcardonlineorcheque.