ALL OF THE INFORMATION YOU NEED ABOUT NOTARIZATION DOCUMENTS IN ONE PLACE
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Helpful information about notarization documents
What is a Power of Attorney (POA) ?
A power of attorney in Ontario is a legal document that allows an individual, referred to as the "grantor," to appoint another person, referred to as the "attorney," to act on their behalf in various matters. This can include managing the grantor's financial affairs, making health care decisions, and handling other legal matters.
There are three (3) types of powers of attorney in Ontario:
- General Power of Attorney for Property:
A General Power of Attorney for Property is a legal document that gives your attorney-in-fact broad powers to manage your financial affairs on your behalf. Unlike a Continuing Power of Attorney for Property, which only becomes effective if you become mentally incapable of managing your own affairs, a General Power of Attorney for Property can become effective as soon as you sign it and you can give your attorney-in-fact the authority to do things, such as:
- Manage your bank accounts and investments
- Buy or sell property on your behalf
- Enter into contracts on your behalf
- Pay your bills and manage your finances
- Make gifts or charitable donations on your behalf
- File your taxes
You should only give this kind of power of attorney to someone you trust completely, as they could potentially abuse their power and cause harm to you or your estate. It's also important to ensure that it meets all legal requirements and is tailored to your specific needs and circumstances. A lawyer or other professional can help you draft it so that it reflects your wishes and protects your interests.
2. Continuing Power of Attorney for Property:
The term "continuing" means that the power of attorney continues to be effective even if you become mentally incapable of managing your own affairs. This allows the attorney to manage the grantor's financial affairs as stated above, such as paying bills, managing investments, and buying or selling property, even if the grantor becomes mentally incapacitated.
3. Power of Attorney for Personal Care:
This gives the attorney the power to make decisions about the grantor's health care and personal needs, such as choosing a medical treatment or deciding where the grantor should live, if the grantor becomes mentally incapacitated.
Below are the steps to notarize a power of attorney in-person:
- Schedule a meeting: click here to call us.
- Bring the power of attorney document: Bring the original power of attorney document with you to the meeting. We will need to see the original document to notarize it.
- Bring identification: Bring government-issued identification with you, such as a passport or driver's license. We will verify your identity before notarizing the document.
- Sign the document: Sign the power of attorney document in our presence and we will then sign and stamp the document to certify that we witnessed you signing it.
- Pay the fee: $99 for One Power of Attorney for Personal care or property (includes signature of two witnesses, one notarized power of attorney and one notarial certificate) or $115 for Two Powers of Attorney for Personal care and property (includes signatures of two witnesses, two notarized powers of attorney and one notarial certificate).
Once the power of attorney document has been notarized, it will be considered a legally binding and valid document. It's important to keep the original notarized document in a safe place and provide copies to the attorney and any other relevant parties.
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