What is a Power of attorney or Unfitness Mandate or Mandate in case of incapacity?
You already have a Will ; you also need a power of attorney.This mandate is done for many different reasons.
You have some belongings and are temporarily incapacitated; you will want someone to take care of your personal things while you are unfit to do it yourself. You have a family you want someone responsible to take care of your kids while unfit. That is another good reason to give someone a power of attorney in case of unfitness.
You and your spouse have a car accident and die! That is not common, but we have seen situations like that. What appends with your kids? If you did not mandate anyone to take care of them, the government or it's agency will take care of that.
Then, maybe your kids will be separated; you did not want that.
They may not get the same education you would have given them. If you name and mandate someone yourself, it is because you expect and know that they will take care of your children much in the same way you would have done it. If you name a close relative like a brother or sister that has been educated like you, there is a good chance your children will get a similar education and also be more comfortable with that person that they already know. Many other reasonsThere are many other reasons to give a
power of attorney
, consult competent people. Such legal papers have to be done by competent Attorneys, lawyers, Notary public; they are people that know the laws of your country, state or province.
It will cost something but will be worth it. Maybe you need a Will Free advice is sometimes the most expensive.
|
