Our experienced lawyers can help you create a customized Power of Attorney for Property document that reflects your wishes and preferences. Contact us today to schedule a consultation and take the first step towards securing your financial future.
Contact ▸Power of Attorney for Property is a legal document that allows you to appoint someone to manage your property and financial affairs if you become unable to do so due to incapacity or other reasons. The person you appoint is called the attorney or the substitute decision-maker.
In case of an unexpected event such as an accident, illness, or incapacity, having Power of Attorney for Property in place will ensure that your property and finances are managed by someone you trust. Without it, your loved ones may have to go through the court process of obtaining guardianship, which can be costly and time-consuming.
Power of Attorney for Property allows the attorney to manage your property and financial affairs, which can include a range of responsibilities such as:
It is important to include specific instructions or limitations in the Power of Attorney for Property document to ensure that the attorney is acting in accordance with your wishes and in your best interests.
Power of Attorney for Property takes effect immediately upon signing the document, unless you specify otherwise. You can also include specific instructions or limitations on when and how the attorney can act on your behalf
If you do not have Power of Attorney for Property in place and become incapacitated, your loved ones will have to go through the court process of obtaining guardianship. This can be a lengthy and costly process, and the appointed guardian may not necessarily be someone you would have chosen.
Yes, you can revoke Power of Attorney for Property at any time as long as you are mentally capable of doing so. It is important to inform your attorney and any relevant financial institutions of the revocation.
Yes, you can appoint multiple attorneys for property, and specify whether they must act jointly or separately. It is important to choose individuals who can work well together and make decisions in your best interests.
If you suspect that your Power of Attorney is abusing their power, you can revoke it, or seek legal advice on how to remove them from the position. In severe cases, you may need to take legal action against them.
Yes, you can still make decisions about your property as long as you are mentally capable of doing so. Power of Attorney for Property only comes into effect when you become incapacitated or unable to make decisions for yourself.
It is highly recommended to ensure that the document is legally-binding and your wishes are properly expressed.
We can help you understand the legal requirements of Power of Attorney for Property and guide you through the process of appointing an attorney. Our experienced wills and estates lawyers will work with you to ensure that your wishes are clearly expressed in the document and that you have peace of mind knowing that your property and finances are in good hands.
Call us at +1 (647) 643-5426, email us at info@khanllp.com or complete the form below. We have offices in Milton, Mississauga and Toronto.
Sign up with your email to receive our newsletter and stay informed about the latest legal developments and special offers.
Khan Law is a boutique law practice that has been providing legal services to the Greater Toronto Area since the year 2000.