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Continuing Power of Attorney for Property

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When does a Continuing Power of Attorney for Property take effect?

It takes effect as soon as it is signed and witnessed, unless you state in the document that you want it to take effect at a later date. For example, if you want it to take effect only if you later become incapable of managing your finances, ask your lawyer to help you make this clear.

Power of Attorney documents are often kept in a safe place to use only in the event of mental incapacity at a later date.