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Difference between revisions of "Common Questions on Powers of Attorney"
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Common Questions on Powers of Attorney (view source)
Revision as of 13:24, 23 March 2018
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With an enduring power of attorney, you can name another person to make financial and legal decisions for you, and the appointment continues—or “endures”—in the event you become mentally incapable. See the section "Enduring Powers of Attorney" to see the special considerations for this type of power of attorney. | With an enduring power of attorney, you can name another person to make financial and legal decisions for you, and the appointment continues—or “endures”—in the event you become mentally incapable. See the section "Enduring Powers of Attorney" to see the special considerations for this type of power of attorney. | ||
== | ==Steps to make the power of attorney== | ||
===Step 1. Choose your attorney=== | ===Step 1. Choose your attorney=== | ||
Your attorney will have significant power, so choose someone you trust, and who is comfortable with financial matters. Take the time to talk with that person about what you want and would expect them to do. | Your attorney will have significant power, so choose someone you trust, and who is comfortable with financial matters. Take the time to talk with that person about what you want and would expect them to do. | ||
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===Step 5. Register the power of attorney with the Land Title Office=== | ===Step 5. Register the power of attorney with the Land Title Office=== | ||
If your attorney needs to deal with real estate property on your behalf, the power of attorney must be registered with the [https://ltsa.ca/ Land Title Office]. Sometimes people do this at the time they make the power of attorney or let their attorney do it if the time comes. | If your attorney needs to deal with real estate property on your behalf, the power of attorney must be registered with the [https://ltsa.ca/ Land Title Office]. Sometimes people do this at the time they make the power of attorney or let their attorney do it if the time comes. | ||
==Common questions== | ==Common questions== | ||
