POA Financial Management Tracker
Your working record for managing a loved one's financial affairs.
This is your central workspace while you're acting as Power of Attorney. Track accounts, log decisions, manage ongoing obligations, and keep everything documented in one place. You won't have every detail on day one — add what you know and fill in the rest as you go.
Your progress saves automatically. Come back whenever you need to — everything will be where you left it.
The Action Log is your most important section. Every significant decision you make should be recorded with the date and your reasoning. If anyone ever questions your actions, this log is your protection.
You can share this tracker. Use the Share button to give a co-POA, family member, or professional read-only access.
Need a paper copy? Use the Print PDF button for the full tracker, or print individual sections using the print button within each section.
This tool connects to the Estate Inventory. If the grantor passes, the information you've tracked here — accounts, professional contacts, property, insurance — carries forward so nothing has to be rebuilt from scratch.
Questions at any point? Reach out to your Cherry Hill team — that's what we're here for.
Your Role as POA — Quick Reference
Your advisor walked you through this in detail, but here's the summary to keep handy:
Your core obligation is to act in the grantor's best interest in every decision. The law takes this seriously.
Keep their money completely separate from yours. No exceptions, no temporary mixing, no "I'll reimburse myself later."
Document everything. Every decision, every payment, every conversation with a professional. The Action Log below is built for this.
Stay within the boundaries of the POA document. Your authority may be broad or limited — if you're not sure whether a specific action is within scope, ask the lawyer before you proceed.
You cannot: make or change the grantor's will, make gifts from their assets (unless the document explicitly permits it), make personal care decisions (that requires a separate POA), or continue to act after the grantor passes.
You don't have to do this alone. Cherry Hill coordinates between your lawyer, accountant, and other professionals. If something feels wrong or unclear, call us.
Key advisors and service providers helping manage the grantor's financial affairs.
How Cherry Hill Helps
Cherry Hill serves as the central point of contact between all professionals listed above. If a professional needs financial information, they contact us directly. If there's a coordination issue, we resolve it. You shouldn't have to be the middleman.
All accounts held in the grantor's name that you have access to as POA.
Insurance coverages in force, including long-term care and critical illness policies.
Ongoing income sources including CPP, pensions, annuities, and benefits.
Regular payments and ongoing costs that need to be managed from the grantor's accounts.
Real property (homes, land, investment properties) for which you have responsibilities.
When the grantor passes, your POA authority ends immediately and the executor named in the will takes over. If you're also the named executor, your legal role changes. Cherry Hill will help you navigate that transition.
When the time comes, the information you've tracked here — accounts, professional contacts, property, insurance, obligations — carries forward into the Estate Inventory so nothing has to be rebuilt.
Your Cherry Hill Team
If you have questions at any time, reach out to us directly.
Cherry Hill Private Wealth
Harbourfront Wealth Management
Kelowna, BC | Burlington, ON
cherryhill@chpw.ca | 289-812-1170