Appoint someone else to take care of your personal property should you become unable to do so. Let us help you make informed decisions.
One of the main purposes of setting up a power of attorney1 is to appoint someone else to take care of your money and personal property while you’re alive, but physically (not applicable in Quebec) or mentally unable to manage your affairs yourself.
Having a power of attorney is one of the most important things you can do for yourself and your family—to protect your own financial future as well as the future of your loved ones. We can guide you through the process.
Speaking with a professional to discuss your power of attorney and who will act on your behalf can help provide peace of mind about what the future may bring. At RBC Royal Trust, we can provide the answers, support and guidance you need.
Our services include:
Having an experienced professional at your side can provide welcome assistance during a difficult and challenging time. An RBC Royal Trust professional can act as your attorney should you become incapable.
This is ideal for individuals who:
Your attorney will have tremendous power over your life. Choosing the right person to act on your behalf is an important decision—one you should base on careful consideration of a number of factors.
To make sure your finances and property are managed properly, choose someone who:
Because acting as an attorney is a great responsibility, it’s important to inform the person you’ve chosen that you’re appointing them. This will ensure they’re willing and able to carry out the required duties, should the need arise.
Acting as an attorney (under a power of attorney) is an important responsibility, and it can be overwhelming—especially if you’re caring for a loved one at the same time. Other circumstances, such as family dynamics and time constraints, can also add to the complexity.
If you’ve been appointed as an attorney, your overall responsibility is to act honestly, in good faith and in the best interests of the person who appointed you (the “donor”).
The duties of an attorney can vary by province or territory. Responsibilities include:
If you feel overwhelmed by the duties or lack the time and expertise required to fulfill your role, we’re here to help. We can assist you with some or all the tasks involved, allowing you to spend more time with your loved ones.
You can take comfort knowing RBC Royal Trust professionals are handling the day-to-day responsibilities with care and attention, while you retain decision-making authority.
1 Terminology varies by province. “Protection mandate” in Quebec, “power of attorney” in the rest of Canada. In Quebec, the “mandator” is the person who sets up the protection mandate and the “mandatary” is the person being appointed; in the rest of Canada, the appointee is considered the “attorney.”2 In most jurisdictions across Canada, the person who sets up the power of attorney is known as the “donor” and the individual chosen to act on the donor’s behalf is called the “attorney.”3 Please note our legal entity, Royal Trust Corporation of Canada or The Royal Trust Company (in Quebec) is named in a Will or power of attorney/mandate in case of incapacity document when we are appointed.
Contact one of our skilled RBC Royal Trust professionals to find out more about the right services for you.
Have the help and guidance you need when acting as an executor for a loved one’s estate or choosing one for your own estate.
Protect and provide for your loved ones now and into the future in a tax-efficient manner while providing guidance over how the trust assets are used.
From yesterday to today to tomorrow, your wealth tells a personal story. We’ll help you align your plans with your wishes and the legacy you envision.