Wills
Wills and Power of Attorney advice in Canada
As you become older, it is important to get legal advice about Power of Attorney and Wills in Canada. What will happen to your spouse, parents or children that are dependent on you for survival if something happens? Procrastinating on these issues means that your loved ones are put in a vulnerable position if something happens and you are not there to manage your own affairs.
Is a Power of Attorney and Will the same thing?
A Will and Power of Attorney is not the same thing and there according to the Ontario Government there are different types of Power of Attorneys in place for different people.
These are:
- Continuing Power of Attorney for Property – This gives a person that you have chosen the capacity to act on behalf and make decisions about your property if you become mentally incapable to do so.
- Personal Care Power of Attorney – This will take care of you and make decisions about your health care and where you will live if you fall sick.
- Non-continuing Power of Attorney – This type of Power of Attorney will cover all your financial management but discontinues if you become mentally incapable (you will need this if you are, for example, going away for a longer period of time and somebody has to manage your financial affairs).
If you are incapacitated, you will need someone to take instructions concerning the things that have to happen with your finances and property. Make sure that you have control over what happens to your finances and loved ones if you are not there to take care of them yourself.
Getting a lawyer for your Will or Power of Attorney
Although you don’t need a lawyer to draw up your Power of Attorney or Will it is advisable if you want your personal matters to be taken care of exactly as you want them to be and make sure they are legally viable. Our team of legal experts in Canada will give you the guidance and legal advice you need to make sure that your family and assets are taken care of.