The General Power of Attorney for Property (GPOAP) is a legal document that gives your attorney the authority to manage your finances and property only while you are mentally competent or capable.
This type of POA is usually used for short term, specific, limited or temporary reasons. For example you may take an extended vacation and draft this type of POA to give the attorney authority to pay your bills, sign cheques or other bank related activities, buy or sell property, consumer goods or vehicles and vessels. Your attorney does not own your property or assets, as they are given authority to manage your assets.
If you become mentally incapable of managing your finances or property, the general POA ends and your attorney can no longer act on your behalf.
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If you would like more information on Power of Attorney for Property Services, please call Kat at 905-399-5341 or complete the form below.