If an accident or illness prevented you from being able to make financial decisions, or attend to the payment of bills and expenses, you would want to have some level of control over how these transactions were carried out on your behalf. Due to the legal requirements of the Land Titles Office, financial institutions, telephone and power companies, if you are unable to attend to the transaction yourself, the person you have nominated requires the legal authority to do so. A Power of Attorney is a legal document which confirms your authority for a family member, friend or other trusted person to make financial decisions and enter into property transactions on your behalf. It is therefore one of the most important elements of your estate plan.