Judge's Table

Power of Attorney

Every adult should have a power of attorney for finance regardless of their age and assets, as one never knows when they may be incapacitated.  The individual specified in the power of attorney document to act on your behalf when you are unable is known as the “attorney”.  Choosing the right individual to act on your behalf is a critical decision, as you must have complete trust in the person or persons chosen. It is crucial to understand that the selected individual will have the right to manage your assets and money without your consent. 

​Kulbak Trust will act as your attorney under either enduring or springing powers of attorney. Additionally, Kulbak Trust is willing to be designated in a power of attorney document as an alternate or monitor.

In Meeting
In Meeting

Sample of Services Provided

  • Confirming that the formal requirements under the substitute decision making document are met before assuming responsibility of the client’s financial affairs or where no such documentation exists, working with the client’s advisors to apply to the Court for formal appointment

  • After appointment compiling and accounting for all of the client’s financial assets and liabilities

  • Ensuring that the assets have proper insurance and are effectively safeguarded

  • Arranging for the professional management of all of the client’s assets, which may require the hiring of experts such as investment managers or real estate property managers

  • Monitoring and reporting on a regular basis the management of the client’s assets and the performance of any third parties hired to manage those assets

  • Collecting the income earned on the client’s assets

  • Payment of all the client’s proven debts and expenses

  • Filing income tax returns and paying any outstanding tax liabilities;
     

  • Representing the client in any legal proceedings

  • Providing accounting to the family or Public Guardian and Trustee on a regular and periodic basis to demonstrate proper and professional management of the client’s financial affairs

  • Completing the final distribution of the assets back to the client upon their recovery or to their estate upon their passing.
     

Professional

Executor

Estate Accounting

Trustee

Taxation

Litigation Trustee