What is General Power of Attorney
A General Power of Attorney is a legal document which allows your attorney to manage your financial affairs and property matters in your absence. It works only while you have no issue with your mental capacity. If you become mentally incapable of managing your financial and property matters, the General Power of Attorney come to an end and your attorney can no longer act on your behalf. Law Wise Power of Attorney Lawyers can help you drafting a Power of Attorney document for you keeping in view your customised needs.
What is continuing Power of Attorney for Property?
A person can grant another person the right to manage one’s financial matters and take appropriate decisions once the grantor becomes incapable of doing so.
The grantor can award Power of Attorney for Property only while he/she is capable but it takes effect once the need comes in case of his / her incapacity. In Ontario Substitute Decisions Act, 1992 (SDA) governs substitute decision-making with respect to property
Property decisions can be many including but not limited to managing the grantor’s investments and income consistently, making timely bill payments, doing their budgeting, etc. It can also include making decisions about the place of residence and the living expenses of the grantor.
A power of attorney for property is a Continuing Power of Attorney if the document (a) so declares itself, or (b) expresses the grantor’s intention that the authority given to the attorney may be exercised during the grantor’s subsequent incapacity to manage property
Great caution must be exercised to ensure that any limitation expressed in terms of an event is specific enough to ensure that there can be no ambiguity. If the meaning of the condition or restriction is uncertain, third parties to whom it is presented may not recognize the authority
A power of attorney may readily come into effect as soon as it is drafted. It is also possible for a power of attorney to come into effect after medical professional opines that the grantor lacks mental capacity. Our experienced Power of Attorney lawyers in Mississauga, Brampton & Toronto can help you in such capacity assessment. In addition to this you may need knowledgeable capacity assessor. When a power of attorney does not take effect immediately, this is the prime reason that a power of attorney is known as a Continuing Power of Attorney in Ontario. It may have a clause making it effective once the grantor becomes incapable of managing their property matters
What is Power of Attorney for Personal Care?
As state above, in Ontario Substitute Decisions Act, 1992 (SDA) governs the substitute decision making through power of attorney for personal care
In a similar way as above, it is created only while the grantor is capable but it takes effect once the need comes i.e. the grantor’s incapacity to take care of his/her health or make appropriate decisions concerning health.
Personal care decisions can be made on matters including but not limited to food, clothing, shelter, or personal hygiene. There are certain restrictions on appointing an attorney for personal care. As per law, only certain persons can be appointed as power of attorney for personal care including the partner, relative, or grantor’s spouse. Persons who provide health care or social, training, support, and residential services in exchange for compensation cannot be appointed.
Since Powers of Attorney for Personal Care are exercisable only when the grantor becomes incapable, it may be advisable not to impose an effective date based upon the onset of incapacity within the document itself, unless the grantor wishes to control the mechanism to be used for the incapacity.
Though a Power of Attorney is a useful tool to reduce potential family conflict, it can also give rise to disputes over the manner in which it has been or is being used. There may be circumstances where a dispute erupts as to identifying the final attorney when the grantor may have named multiple people as an attorney in their life. There can also be a dispute among the grantees regarding how the grantor’s affairs are to be conducted. Also the mental capacity of the grantor to grant the attorney may be another reason for the dispute. If the grantor does not agree with the decisions made by the attorney, they may choose to revoke the Power of Attorney.
Law Wise can support you to resolve any power of attorney disputes to safeguard your and your loved one’s interests.
Why you should have a Power of Attorney?
By signing a power of attorney while capable, the grantor is able to have the grantor’s own choice as to an attorney to act on the grantor’s behalf in the event of incapacity or where the grantor, while capable, is simply unavailable when important decisions must be made or actions taken on a timely basis. Without a power of attorney in place at the time of incapacity, the process of appointing a substitute decision maker is more difficult, time consuming and more expensive. If an attorney is not chosen wisely by the grantor, it can adversely impact the grantor and their estate.
What is Power of Attorney Law in Canada?
It is important to understand that the power of attorney legislation is different in all Canadian provinces. If you own property in multiple provinces, or live in a different province from the one in which the property is owned, a power of attorney will need to be drafted carefully. LAW WISE Power of Attorney Lawyers will assist you understand the role & responsibilities of attorney and will draft a power of attorney meeting your needs.
What is the role of an Attorney?
All the decisions need to be made by the attorney in grantor’s interest. Sometimes the attorney may not have the requisite knowledge to make the best decisions in the interest of the grantor, while sometimes they may even act for their own benefit. In few circumstances, the attorney may neglect the grantor’s interests or end up depleting their wealth.
The attorney appointed by a power of attorney acts as a fiduciary and, as such, must account, must act with reasonable care, must not act in conflict with the grantor’s interests, and must not make secret profits.
What are Power of Attorney disputes?
Though a Power of Attorney is a useful tool to reduce potential family conflict, it can also give rise to disputes over the manner in which it has been or is being used. There may be circumstance where a dispute erupts as to identifying the final attorney when the grantor may have named multiple people as an attorney in their life. There can also be a dispute among the grantees regarding how the grantor’s affairs are to be conducted. Also the mental capacity of the grantor to grant the attorney may be another reason for the dispute. If the grantor does not agree with the decisions made by the attorney, they may choose to revoke the Power of Attorney.
Law Wise Power of Attorney Lawyers can support you to resolve any power of attorney disputes to safeguard yours and your loved one’s interests.
At Law Wise Professional Corporation, we understand your specific circumstances & our Power of attorney lawyers with special knowledge would assume the task of recording your wishes in the power of attorney for property & personal care. We help you understand how the language might later be interpreted, since it is unlikely for you to be able to predict this.
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