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Keep in mind, however, that if you give a POA to the same person who is joint on the account, the Attorney may be able to move funds from your other account to the joint account, potentially creating the risks mentioned above.
Scotiabank requires one piece of original, valid and current government photo issued identification or two original, valid and current documents from independent and reliable sources and specimen signature for the attorney, as well as an original or original notarized copy of an existing Power of Attorney.
A power of attorney (PoA) is a document that gives another person the legal authority to act on your behalf as per the terms mentioned in the document.
We will review the POA to confirm it is valid and review the instructions provided by the attorney under your POA. In some cases, we may require our staff to consult with other groups within TD for further review.
Appointing an ?attorney?, also called a ?representative? or ?agent?, is a positive step forward to securing peace of mind. This is done through a power of attorney document, which may be called a personal directive, health care directive, representation agreement, or living will in your province or territory.