Continuing Power of Attorney for Property
A Power of Attorney for Property is a legal document that lets someone make decisions about your property. This person is called your attorney for property.
Property includes your money, everything you own, and things you have the right to use, like an apartment you rent or a car you lease.
There are 2 types of Powers of Attorney for Property.
Continuing Power of Attorney for Property
With this type, you and your attorney for property can manage your property while you’re mentally capable. If you later become mentally incapable, your attorney does this on their own.
You’re mentally capable of making a decision about your property when you understand:
- the information you need to make the decision, and
- what could happen if you do or do not make the decision.
General Power of Attorney for Property
With this type, your attorney manages your property only while you’re mentally capable. If you become mentally incapable, your attorney can no longer act for you. You might use this, for example, while you’re sick or on vacation.
Read about giving someone the power to make decisions about your personal care in Power of Attorney for Personal Care.
Learn about making a will to say who gets your property when you die. Visit stepstojustice.ca/wills.
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