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The safeguards — and potential pitfalls — of having a power of attorney
The safeguards — and potential pitfalls — of having a power of attorney

Yahoo

time6 days ago

  • Business
  • Yahoo

The safeguards — and potential pitfalls — of having a power of attorney

Having a younger family member manage their elderly relative's accounts, using a power of attorney, is an important tool in estate planning. Mark Ting, a partner with Foundation Wealth and On The Coast's personal finance columnist, provides advice on how to be careful with the power of attorney after a CBC Radio listener recently shared that she suspected her brother was misusing his power of attorney status to take money from their mother.

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