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Power of Attorney: Why it is so Important

By Courtney Marie L.

Published May 2, 2022 • 2 Min Read

This story was originally published by RBC Wealth Management.

Did you know?

  • Incapacity is not age related, it can happen at any time.

  • There are two basic types of power of attorney: one for personal care and one for property.

  • Naming a trust company as your attorney for property can ease the burden on your caregivers.

The Wealthy Barber Has a Power of Attorney. Do You? Check out this video to see why David Chilton, author of best-selling personal finance guides The Wealthy Barber and The Wealthy Barber Returns, and former dragon on CBC’s Dragons’ Den, thinks it is important to get a proper power of attorney in place. This video is produced in collaboration between RBC Wealth Management Royal Trust and David Chilton.

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This article is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. Information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or any of its affiliates.

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