Montreal, Quebec, Canada — May 22, 2024 — Estateably, a leader in cloud-based estate and trust administration technology, and Capacity Clinic, a multidisciplinary provider of capacity solutions, today announced a strategic partnership to promote the importance of a power of attorney (POA). The two companies will collaborate on marketing and promotional activities to inform and educate Canadians on the benefits a POA provides in protecting against fraud and only allowing trusted individuals to make decisions on their behalf.
A POA allows a designated person of choice to make financial, personal, and/or medical decisions for an individual in the event that person is no longer able to. These decisions include daily/monthly bill paying, estate and investment and money management, signing consents and/or releases with hospitals or doctors, and end-of-life decisions. By 2030, researchers project that nearly 1 million people in Canada will be living with dementia disease, a condition that can gradually diminish decision-making capacity.
“Having a POA is crucial for managing legal and financial affairs, especially in situations where individuals may be unable to make decisions due to illness, injury, or absence,” said Ari Brojde, CEO of Estateably. “A POA is a critical piece of any estate plan and ensures that trusted individuals can make important decisions on behalf of the incapacitated person, safeguarding their interests and assets. We look forward to working with our friends at Capacity Clinic to help promote the importance of having a POA.”
"We are thrilled to partner with Estateably to amplify the importance of having a national registry that protects individuals from fraud and improves the process for granting access to verified parties,” said Andrew Putman, President of Capacity Clinic. "I have no doubt that our mutual commitment will safeguard and simplify a complex time for many vulnerable people, their substitute decision-maker(s) and the business/organization providing the service/care.”
Estateably and Capacity Clinic will host a webinar entitled "Solutions for Navigating Client Decisions and Mental Capacity" on Tuesday June 25th as part of the POA awareness campaign. The discussion will feature executives from Estateably, Capacity Clinic, and leading clinical professionals.
About Estateably
Estateably is a leading cloud-based software enabling professionals to streamline their estate and trust administration practices. Professionals save time through the automation of probate forms and precedent letters, the ability to manage inventory and contacts with easy-to-use accounting and one-click reports. The award-winning software is used by over 1,000 firms and over 2,500 practitioners across Canada and the United States. Estateably is SOC2 Type II certified. The company has been voted the top estate and trust administration software by Canadian Lawyer Magazine and named an industry leader by American LegalTech and others. Learn more at www.estateably.com.
About Capacity Clinic
Founded by Nathan Spaling in 2020, the Capacity Clinic is a multidisciplinary team creating capacity solutions for Canadian professionals. As a registered social service worker and experienced lawyer, Nathan recognized that more could be done to assist professionals and their clients when faced with the challenge of determining capacity. The Capacity Clinic is committed to providing proactive and reactive safeguards to assess and identify risks of incapacity. By working with leading experts, the Capacity Clinic will continue to make capacity more predictable to protect professionals and potentially vulnerable individuals.
Estateably Inc. © 2024
Estateably Inc. © 2023
