Making an Enduring Power of Attorney – Glossary

Glossary

Adult Interdependent Partner
A person with whom you are in an adult interdependent relationship.

Adult Interdependent Relationship
A term unique to Alberta and governed by the Alberta Adult Interdependent Relationships Act. A “relationship of interdependence” is a relationship outside of marriage where two people:

  • share one another’s lives;
  • are emotionally committed to one another; and
  • function as an economic and domestic unit.

To meet these criteria, the relationship need not necessarily be conjugal (sexual). It can be platonic.

There are two possible ways for such a relationship to exist, through a formal agreement, or if two people have lived together in a relationship of interdependence for at least three years or where there is a child of the interdependent relationship by birth or adoption.

Agent
A person appointed to act on behalf of another person under a Personal Directive.

Alternate Attorney
Someone who is named in an EPA to act if someone else named can’t act.

Assets
What a person owns. Fixed assets are tangible things such as houses, vehicles, furniture or jewellery. Liquid Assets are either cash or things that can easily be converted to cash such as Guaranteed Investment Certificates, RRSPs, pension plans, mutual funds, stocks and bonds.

Attorney
A person who is empowered to act on behalf of the Donor under a Power of Attorney.

Beneficiary
A person or organization that you leave something to in your Will or a person who is entitled to anything under a trust.

Co-attorney(s)
An Attorney who has powers at the same time as another Attorney. The powers may be over the same parts of the estate or over different parts of the estate. Co-Attorneys can have ‘joint’ powers (they must decide things together) or ‘joint and several’ powers (either Attorney can decide).

Court
References to the court mean the Court of Queen’s Bench of Alberta.

Debt(s)
What a person owes. These can also be called “liabilities” and may include credit card balances, loans, and mortgages.

Declaration of Incapacity
A written document that confirms that a specified contingency stated in the Enduring Power of Attorney, including but not limited to the Donor’s mental incapacity or infirmity has occurred, bringing the Enduring Power of Attorney into effect.

Donor
A person who makes a Power of Attorney or an Enduring Power of Attorney.

Enduring Power of Attorney
A document that allows the person you name to act for you with regard to your financial affairs while you are alive. It can either:

  • take effect immediately upon signing and continue if you become mentally incapable of managing your financial affairs; or
  • take effect only upon a specific future date or upon the occurrence of a specified event, which may include but is not limited to mental incapacity or infirmity.

Liabilities
All of the legal obligations a person has, including debts.

Mental Capacity
The ability to understand information that is relevant to the making of a decision and the ability to appreciate the reasonably foreseeable consequences of the decision.

Personal Directive
A document created under the provisions of the Alberta Personal Directives Act, the purpose of which is to allow another person, called an Agent, to make personal decisions (including healthcare decisions) on behalf of the person signing the Personal Directive (who is called the Maker).

Personal Representative
The person named in a Will who is responsible for managing the estate and for carrying out the instructions in the Will. (Previously known as an Executor/Executrix)

Trust(s)
A trust is a way of holding property. One person (or company), called the trustee, holds and uses property for the benefit of another person, called the beneficiary.

Trustee
A person or company named to manage a trust. Trustees have strict legal duties they must follow called fiduciary duties and rules set out in the Alberta Trustee Act.

Trusteeship Application
A court application, brought under the Alberta Adult Guardianship and Trusteeship Act that asks the court to appoint a particular person as the trustee or guardian of an adult who no longer has the mental capacity to make decisions on his or her own behalf, and who has not made an Enduring Power of Attorney.

Will (or last Will and testament)
A properly signed, dated and witnessed legal statement of a person’s last wishes as to the disposition of his or her property after death.

You should NOT rely on this webpage for legal advice. It provides general information on Alberta law only. December 2016.
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