The territory’s government announced Aug. 11 that amendments to its Enduring Power of Attorney Act have taken hold, giving Yukoners “more options when planning their financial futures.”
“An enduring power of attorney is a legal tool that lets a person choose someone they trust to manage their money and property if they are unable to do it themselves in the future,” states a news release.
These changes allow residents “to draft an enduring power of attorney without hiring a lawyer,” define the obligations of “newly acting attorneys” and establish a requirement that acting attorneys keep financial records.
With this, the government is developing both “user-friendly” templates and user guides, which will be distributed in “an engagement targeted toward seniors, lawyers and other stakeholders” as a way of testing whether they meet the needs of residents.

Tracy-Anne McPhee, Yukon Minister of Justice.
McPhee said the amendments will allow residents “to be proactive” in protecting themselves against financial abuse.
The release notes that enduring power of attorney documents drafted prior to the amendments being made will remain valid.
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