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Each week on “I’m a Millionaire, So Now What?”, Colleen O’Connell-Campbell, Wealth Advisor at RBC Dominion Securities, delivers inspirational stories and practical advice to self-made millionaires and wealthy families. With a focus on financial planning and wealth management strategies, Colleen and her guests cover the critical issues that truly matter to you, including succession strategies, family business governance tips, how to cope with fundraiser fatigue, finding your purpose after losing your family business, and much more.

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?:

 

  • Choosing a person, persons, or a corporation as your power of attorney.
  • How the role of an attorney differs in Canada versus the US.
  • The roles of a power of attorney for care and for property.
  • How a power of attorney is different from an executor of your will.
  • The questions to ask yourself when choosing your power of attorney.
  • When you should decide to select your power of attorney.

 

 

 

 

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

 

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