Power of Attorney for Property
Be aware that it make take some time (up to a couple of months) for banks to accept power of attorney for property if you have never had to use them before and they were done a long while ago. This may be annoying but it is to protect both the bank and the person for whom you have the POA. If the person is capable, update the POA every couple of years or so even though a POA is valid until revoked by the person who made them. (At least in Ontario)
No comments:
Post a Comment