Execu-Brief®

bt_bb_section_bottom_section_coverage_image

Sh#! Happens – and sometimes it’s tragic 

By: Timothy A. Brown

Author’s notes – this was written on the weekend of September 2nd (Labor Day weekend). Since then, he has been let go and is resting in peace….

I’m about to tell you a serious and profoundly sad story.

It’s about the importance of having proper documentation in place – specifically, a Power of Attorney (POA) covering 2
important items:

  1. Power of Personal (Continuing) Care
  2. Power of Property

Let’s be clear – this is much more than a Will, which determines how to disperse your “stuff” after you’re gone.

A POA dictates who can decide and what happens while you are alive, but unable to make decisions.

Here is the heartbreaking story:

A friend’s husband has been in the ICU for over 20 days. He is suffering from spinal stenosis, complete quadriplegia,
and there’s no hope of recovery.

He asked for end-of-life care because he doesn’t want to spend the rest of his life dependent on tubes and machines.

He is fully aware of his situation but can’t speak because he is intubated. He can only mouth words.

For five agonizing days, his spouse has been asking how to get a Power of Attorney in place so when they remove the
intubation, he can express his wishes and live out his life on his own terms.

But here’s the kicker. She can’t do a thing without a properly executed, written Power of Attorney.

The problem?

No one can make that decision for him without his express consent. He cannot sign anything or verbally express his
wishes.

After many days of frustration and being sent in circles, I finally got through to the hospital’s social worker. I asked him
plainly, “Do you have a sample Power of Attorney form, like the one available on the Government of Ontario website,
that you could print out for the wife, so she and the husband can review it together?”

He said yes, he had a document. So, I asked why he hadn’t provided it five days earlier when it was specifically
requested.

He fumbled, became irritated, and even said “Not my job,” which he had also said to the family a few days earlier.

In the background I could hear the spouse crying, begging for help. The social worker got flustered.

That’s when I lost my composure and shared my frustration! He left the ICU and did not return the document. He will be
reported.

Back to the story:

I sent the link for the free Government of Ontario Power of Attorney forms to the wife.

A good friend of hers went around the hospital asking everyone she encountered if they would print a hard copy.

It took 2 hours to find someone willing to take responsibility for printing a 12-page document and hand it over to
another human being. Some of the excuses people used for refusing were baffling!

Our healthcare system is paralyzed by fear, anxiety and a complete lack of responsibility due to the potential liability for
helping with end of life.

Later that day, they had the Power of Attorney forms in hand, sitting in the patient’s room, reviewing the document
together. Then they hit another roadblock. The signature page.

He is a quadriplegic. He cannot sign anything. He cannot speak. He is unable to execute the document.

The process comes to a grinding halt once again.

They called local notary publics and lawyers in the community, hoping someone could come to the hospital over the
August long weekend to assist.

Nobody accepted the mandate because the patient couldn’t speak or write. Liability issues were raised immediately,
and they backed out in minutes, offering little to no guidance.

So now we’re back to square one.

A few more days will pass while this man lies in absolute misery, pleading for end-of-life care. His family has visited and
said their goodbyes, but the suffering continues.

As I write, the eye and lip reader will arrive soon, and then we can document his wishes. Only then can the system
allow for a Power of Attorney to be given, allowing his wife to grant him the peaceful end he deserves.

What you must do:

Update your old or create a new Power of Attorney and Power of Continuing Care. While you’re at it, add a Power of
Property and wrap up the whole package with an updated Will.

Have the documents executed and witnessed by at least two responsible, arms’ length persons (executors may or may
not qualify) and have it professionally notarized.

File hard copies with all your trusted advisors. Digitize it and email copies to yourself, your spouse, your lawyer, your
accountant, and any other loved ones who might need it if you end up in a situation like my friend’s husband.

Do not be naïve and do not be irresponsible. If you do not want to pay a lawyer, you can download it for free from the
Government of Ontario website.

Google Search “FREE Power of Attorney Government of Ontario”.

Bottom Line

By addressing these points, you can significantly increase the attractiveness and value of your business. Consulting
professionals experienced in business sales is invaluable throughout this process.

The EXECU-BRIEF® provides valuable insights for both Buyers and Sellers.Sign up and have our EXECU-BRIEF® delivered to your inbox


By submitting this form, you agree to receive email marketing messages from Robbinex at the submitted email address.


Yes, but it was more than 1.5 years ago

It may be time to evaluate whether your valuation is still an accurate representation of your business.

Yes, within the last 18 months

We can work with you to update your valuation and determine the next steps to achieve your exit planning goals

No, I don’t want one

We can work with you to update your valuation and determine the next steps to achieve your exit planning goals.

No, but I am considering it !

Robbinex requires a valuation for us to list your business for sale, however, we are willing to consider accepting valuations from other providers. How can we help?