✍️ The Most Important Part of Your Estate Plan ✍️
You should have a power of attorney in place. It's a document that appoints someone to be able to sign legal documents on your behalf, which cost a couple hundred bucks to set up and is good indefinitely.
If you can picture a situation where you own real estate with your spouse, and then one of you needs to go into a care home, and you need to sell the house to pay for the care you need.
You no longer have the mental capacity to sell it on your own, and your spouse actually doesn't either unless there's a formal document appointing them to be able to sell it.
The alternative is a court process that could take months and cost thousands of dollars.
Subscribe to the Kelowna Real Estate Podcast on your favorite podcast platform.
#podcast #mortgages #mortgagebroker #realtor #realestate #Kelowna
