News & Articles: Power of Attorney for Property
In some instances, such as a vacation, or family or medical emergency, you may be unavailable to participate in a real estate transaction or to sign cheques for personal expenses. Or, you may be in a situation where you are able to act for yourself but want someone else to act for you. In either case, you may wish to authorize someone under as Power of Attorney for property to act in your best interests and make binding decisions on your behalf. In your absence, for a specified time period, this person can legally sign any papers required for any financial decision which must be made for you. It is important that you communicate your wishes to the person you are appointing, and feel confident that the person will act in your best interests. A power of attorney automatically ends when you die. If you become incapable and do not have a power of attorney, the Public Guardian and Trustee may become the guardian of your property if no other interested person asks a court to be named your guardian.
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