Can I make a Continuing Power of Attorney for Property?
You must be 18 years of age or older and mentally capable.
You’re mentally capable of making a Continuing Power of Attorney for Property if you know:
- what property you have and roughly what it’s worth,
- if someone depends on you financially and what you need to do for them,
- what power you’re giving your attorney,
- that your attorney must be able to explain what they do with your money and property, and
- that as long as you’re mentally capable, you can cancel your power of attorney.
As well, you must understand that:
- your property could lose value if your attorney does not do their job well, and
- your attorney might act in ways that are not proper, such as using your money for themselves.
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