Episode 31: Power of Attorney: What most People Forget

Published August 18, 2025

Do you have the right Power of Attorney in place? Here’s what many Canadians overlook and how to ensure you're protected when it matters most.

Darren Devine, CFP®, CLU®

Financial Planner, Sun Life
President of Devine and Associates Financial Services Inc.

Darren here, when people think of estate planning, they often think of wills.
But there’s another crucial document many overlook—your Power of Attorney.

It gives someone the legal authority to make financial or healthcare decisions on your behalf if you can’t do it yourself.

  • Here’s what most people forget:
    Choosing someone you trust isn’t just about loyalty—it’s about capability.
    Will they stay calm under pressure? Can they make complex decisions? Do they know your wishes?
  • It’s also not a one-and-done decision.
    Your Power of Attorney should evolve as your life does.
    Marriage, divorce, strained relationships, or health changes—these are all reasons to review and update your documents.

Too often, people name someone 20 years ago and never look at it again.

So here’s your reminder:
Take a fresh look at your Power of Attorney.
The right choice—and regular reviews—can help protect your wishes when it matters most.

Thanks for tuning into Money Monday. Don’t forget to like and comment for more episodes filled with tips to help make your financial journey a breeze. Until next time, I'm Darren Devine, and you can always talk to us today at DevineAndAssociates.ca!