In cases where the older adult may have diminished capacity and cannot make a Power of Attorney, they may still be capable of making a Representation Agreement. This type of agreement provides a designated individual with authority that can include minor and major health care; personal care and living arrangements; legal affairs; and routine management of financial affairs. A Notary Public can create this agreement.
A joint bank account for a senior and a trusted family member provides a second set of eyes monitoring for any suspicious transactions, such as large cash withdrawals that could occur as a result of a scam or fraud.
To find a Notary near you, visit www.notaries.bc.ca.
The Society of Notaries Public of BC represents more than 320 highly trained Notary professionals. Most have locally owned and operated offices and all provide personal assistance to clients around the province. Individuals, families and businesses seek the services of BC Notaries for a wide range of non-contentious legal matters, including residential and commercial real estate transfers, mortgage refinancing, Wills and advanced healthcare planning, powers of attorney, and other important documents.
The Notary’s Tradition of Trust spans 2000 years. Notaries first came to British Columbia over 100 years ago. They continue to serve their valued clients and their communities across the province. For more information, please visit www.notaries.bc.ca.
Editors: Local Notaries are available in many areas of BC to provide tips on how to protect seniors from financial elder abuse and fraud.