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 your attorney. In Canada, attorney does not usually mean lawyer.
Property includes your money and everything you own. It also includes anything that only you have the right to use, such as 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
This resource talks about a Continuing Power of Attorney for Property. This power of attorney lets your attorney act for you if you are mentally capable. And they continue to act if you become mentally incapable of managing your property.
If you want your attorney to act for you only when you are mentally incapable, you can say this in your power of attorney.
General Power of Attorney for Property
A General Power of Attorney for Property lets your attorney manage your property only while you are mentally capable. For example, you might want to do this for a limited time while you are sick or on vacation.
If you become mentally incapable, this power of attorney ends, and your attorney can no longer act for you.
Read about giving someone the power to make decisions about your personal care, including your health care, in Power of Attorney for Personal Care.
You might also want to make a will to say who gets your property when you die. Read more at stepstojustice.ca/wills.