CanLaw has produced a power of attorney kit that will help you appoint the person you want to make financial decisions for you and to pay your bills when you are no longer able to do so for yourself.
You do not need any legal training or experience to use this kit.
Why you simply must have a
POWER OF ATTORNEY FOR PROPERTY.
If You Become Disabled
- Who will pay your bills and your taxes?
- Who will look after your bank accounts?
- Who will manage your real estate and investments?
That is why you need a valid Power of Attorney at all times
CanLaw'a Power of Attorney for Property kit is specially prepared by and for Canadians. It is simple to understand and use, easy to complete, and legally binding until you revoke it.
CanLaw's Power of Attorney for Property kit is complete and has everything you need to protect you, and your loved ones, in the event that you are incapacitated. The kit includes all the necessary preprinted forms and easy to follow instructions.
Anyone can easily prepare a valid, binding, Power of Attorney for Property without any legal training or knowledge.
Many people believe that their spouse, a friend or family member can act for them if something happens and they are unable to make decisions for themselves. This is not true. If you are unable to act for yourself, all your finanancial assets will be frozen and the government may step in and appoint a stranger to control your assets.
These laws are set up to protect us from fraud and other obvious reasons. The rules work very well while you are well and fully capable of managing your own affairs. But if you fall ill, there is a huge problem. Your bills, obligations and responsibilites do not stop.
If you are unable to look after your affairs, you must have arrangements for a trusted person to handle them for you. For any and all financial decisions carried out in your name or on your behalf, properly prepared legal authority is needed. The person you want to act in your name, must have a legally binding, properly signed and witnessed Power Of Attorney to act on your behalf.
You can only give this authority by naming someone to act for you in a continuing Power of Attorney for Property.
You need to have a Power of Attorney for Property on file in case anything happens to you. Wouldn't you prefer that your spouse or trusted friend or family member handle your financial affairs rather then some government appointed stranger? This could happen if you do not take the time to prepare a CanLaw Power of Attorney for Property now, before you need it. You cannot do after you become incapacitated.