Jun 18, 2019
Many wealthy families have earned their wealth by being an entrepreneur. So, consider how hard it would be to find that perfect hire for your company, either full time or part-time. They would need to be someone who you can trust and rely on, and you would need to think carefully about what the role would look like. Now, imagine if that hire was to replace you and walk in your shoes; this is the role of a power of attorney.
Today, I share how you should choose someone who will walk in your shoes as your power of attorney in your estate plan. I highlight how your chosen power of attorney will decide what happens when you can’t make decisions for yourself and how essential it is to find the right person or corporation. I reveal the differences between an ‘attorney’ in Canada and the US and describe the roles of a power of attorney for property as well as a power of attorney for your care.
“Your power of attorney essentially becomes you. They walk in your shoes, so they need to be competent, trustworthy, and they have to have the time to take on this role.” - Colleen O’Connell-Campbell
Today on I’m A Millionaire...So, Now What?:
Get Ready for Fun Networking & Fundraising!
Kick off your high-heels ladies, lace up your golf shoes, and get ready for an exciting, fun way to network with your business peers while raising money for a worthy cause. Join me, Colleen O’Connell-Campbell and Shelley True on September 5, 2019 for the all-women’s golf tournament, FORE-Play for Charity - the annual event supporting The Royal Ottawa Foundation for Mental Health.
The FORE-Play for Charity event features fun ways to network with other Ottawa-based business leaders such as Open Mic, Cocktail Hour, the Red Carpet event, and a unique Makeup and Beauty Bar as well as a Gala Dinner.
So if you’re ready to lace up your golf shoes and tee off to support The Royal Ottawa Foundation for Mental Health, visit www.truedotdesign.com/foreplay to register today - or, become a sponsor to show the community you’re serious about mental health.
Be sure to subscribe to our newsletter and follow FORE-Play for Charity on Facebook so you never miss an update on this important event.
Registration opens on April 1, 2019
Subscribe to the I’m A Millionaire, So Now What Podcast!
Thanks for joining us for this episode of I'm A Millionaire, So Now What Podcast - the show bringing you inspirational stories, practical strategies, and fun, frank advice for self-made millionaires and wealthy families. If you enjoyed this episode, please subscribe to the show on iTunes and leave a positive review. Don’t forget to share your favorite episodes with other wealthy families and self-made millionaires on social media!