Testamentary Wills and powers of attorney in Ontario are important legal documents that allow individuals to make decisions regarding their assets and personal care. Here’s an overview of each:
Testamentary Wills
A will is a legal document that outlines how a person’s assets and property should be distributed after their death. It is essential to keep your will updated as your circumstances change.
Power of Attorney
A power of attorney is a legal document that allows an individual (the grantor or donor) to appoint someone (the attorney or agent) to make decisions on their behalf in specific situations. In Ontario, there are two types of powers of attorney:
Power of Attorney for Property.
Power of Attorney for Personal Care.
These documents can be tailored to your specific needs and can be temporary or enduring, depending on your preferences.
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