Many Canadians are concerned about how to manage their money, property, and finances as they age or as life changes take place. They may worry about what will happen if they become unable to deal with their own finances. It is a good idea to plan ahead for a time when you may need help managing your affairs.
Two tools often used for managing financial affairs are Powers of Attorney and joint bank accounts. It is important to know how a Power of Attorney or a joint bank account works before you use them. There are risks and advantages to both.