Why A Power of Attorney for Property is CRUCIAL for Retirees
A recent study by Ipsos Reid and the OSC found that over 40% of Canadian retirees who were surveyed indicated that they do not presently have a Power of Attorney for property. This is a staggering number. The Power of Attorney for property may be one of the most important documents that you ever sign. It gives a person or persons the authority to handle your property on your behalf when you become unable to. In this video, I am going to walk through: 1. What a Power of Attorney for property document does 2. Why the document is important 3. Common issues that I see with powers of attorney and why they should be checked regularly 4. Important factors for retirees to consider when drafting a power of attorney for property