Power of Attorney is it only for old people?

Irina Bartnik Notary Public • January 15, 2021

Power of attorney is document that allows you to appoint someone that you trust, to make any Legal and Financial decisions for you, for when you are alive, but for some reason cannot make these decisions yourself.


First though that comes to mind when you think of Power of Attorney- This is for old people only! I strongly disagree. I think it is very important for everyone that owns property to have Power of Attorney in place. When you sell property or refinance, every owner that is registered on title has to sign required documents and sometimes it is not convenient. Maybe one of you works long hours or is out of town on the business trip. This is when Power of Attorney comes handy.


Power of Attorney is also important to have for your adult children if they study or work outside of Canada. Even if they do not own the Real estate yet, with a Power of Attorney document, you can insure their car and apply for funding from the government and sign their tax returns if needed.


Power of Attorney can be used while person is capable of making decisions, but for some reason it is not convenient for them. There are many uses of Power of Attorney. Think about it, the document of Power of Attorney is valid while you are alive, so you make the Power of Attorney document once and it is valid for a lifetime.

Please contact my office if you have any questions about the process of preparing of Power of Attorney.

Sincerely,

Irina Bartnik

Notary Public

604.575.7494

Updated Weekly: Your Guide to Fraser Valley Holiday Events

By Emily Edwards | Fraser Valley Current • December 24, 2025
Holiday magic is happening all across the Fraser Valley this season. From tree lighting ceremonies and festive markets to concerts, parades, and family-friendly celebrations, there's no shortage of ways to embrace the spirit of the season. 👉 Guide Here

Bank of Canada maintains policy rate at 2¼%

By Bank of Canada • December 23, 2025
The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. Major economies around the world continue to show resilience to US trade protectionism, but uncertainty is still high. In the United States, economic growth is being supported by strong consumption and a surge in AI investment. The US government shutdown caused volatility in quarterly growth and delayed the release of some key economic data. Tariffs are causing some upward pressure on US inflation. In the euro area, economic growth has been stronger than expected, with the services sector showing particular resilience. In China, soft domestic demand, including more weakness in the housing market, is weighing on growth. Global financial conditions, oil prices, and the Canadian dollar are all roughly unchanged since the Bank’s October Monetary Policy Report (MPR). 👉 Read the Article Here 

A guide to appealing your BC Assessment value

By Zak Khan | REW • December 22, 2025
Every January in BC, BC Assessment sends its valuations to property owners. These letters form the basis of property tax values on real estate across the province. They are based on many factors, but sometimes the assessed value may come as a shock to you. If this is the case, and you feel the assessment is incorrect, you can file an appeal. Why your BC Assessment value may not be what you expect. To help equip yourself for the best chance of success during an appeal, it’s best to review some reasons why your assessed value may not be what you expected. BC Assessment bases its valuations on the following factors: The location of the property. That is, how desirable is the place it’s located? The size of the property. Is it a tiny house or a multi-room mansion? The size of the lot. Is it a small lot, or a massive multi-acre estate? View from the home. A mountain view is worth more than a line of dumpsters. The property age. Is it newly built or an outdated structure? It could also be historically valuable. Home add-ons such as carports, garages and decks. The sales’ prices from similar homes in your area. In essence, that means that surrounding properties can have an impact on your property value, in addition to your own property. For example, if all your neighbours improve their properties by renovating their homes, upgrading landscaping and similar efforts, this could increase your assessed value as a knock-on effect. In situations like this, filing an appeal to show that you didn’t undertake similar efforts could help your appeal succeed. 👉 Read the Article Here
More Posts