HALIFAX: Nova Scotia introduced legislation on April 5 that offers additional safeguards to prevent abuse of those who appoint another person to manage their affairs under a power of attorney.
“When doing estate planning, people should have peace of mind and trust that their wishes will be carried out as they intended,” said Justice Minister Brad Johns.
“We are making changes to ensure the actions of those appointed as power of attorney are more transparent so that others can intervene if problems like misuse or financial abuse arise.”
Johns is also the MLA for Sackville-Mount Uniacke.
Powers of attorney are important advance planning tools for adults who wish to appoint someone they trust to make decisions for them respecting their property and finances temporarily or if they become permanently incapable of making those decisions.
The changes will improve and modernize the legislation. They will clarify the rights and responsibilities of all individuals and add additional safeguards to protect those who choose to use powers of attorney.
They include:
— new requirements for the valid execution of a power of attorney, including that it be in writing, dated and witnessed by two people;
— incorporating modern concepts of capacity, including an outline of the required approach to decision-making;
— outlining the donor’s rights and protections, including new safeguards such as the option to appoint a monitor to whom the attorney must also report periodically and upon request.
The government will continue to review the act for potential future changes.
The amendments will come into effect upon proclamation.
Quotes:
“Any kind of abuse is completely unacceptable, and we know that financial abuse is a serious concern for many older Nova Scotians. The amendments introduced today will deliver peace of mind for seniors and ensure they have the dignity and respect they have earned.”
– Barbara Adams, Minister of Seniors and Long-Term Care
“The Canadian Association of Retired Persons, CARP Nova Scotia, was pleased to be consulted by the government in changes to the Powers of Attorney Act. We have been advocating for some time on behalf of the many seniors of our province.”
– Roy Hayward, Acting Chair, Financial Security Advocacy Committee, CARP
Quick Facts:
— the Powers of Attorney Act came into effect in 1988 and has undergone minor amendments since that time
