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Professionnel. Digne de confiance. Honnête.
Preparation for Power of Attorney Services
At NLCI, we offer professional preparation of Power of Attorney (POA) documents, ensuring that you are able to appoint someone you trust to manage your affairs in case of incapacity or specific circumstances. Whether you need a general or limited POA for property, financial matters, or personal care, our team ensures that your document is legally sound and tailored to your needs. Here is an overview of our Power of Attorney services along with associated costs.
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Preparation of Power of Attorney
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Legal Fee: $245.00 + H.S.T.
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This fee includes the preparation of a basic Power of Attorney document, covering both property and financial matters or personal care. We help ensure that your Power of Attorney is clear, valid, and meets all legal requirements.
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Witnessing and Notarizing a Pre-Prepared Document
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Legal Fee: $75.00 + H.S.T.
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If your Power of Attorney document has already been prepared and only requires witnessing and notarization, we offer this service to confirm the validity of the document.
Additional Information Required
To properly prepare your Power of Attorney, we will need the following information from you:
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Donor/Grantor Details: Names and date of birth of the person issuing the Power of Attorney. Two pieces of valid identification (including a photo ID) are required.
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Donee/Attorney Details: Names and IDs of the individuals being appointed, ensuring accurate representation in the document.
In addition, please provide answers to the following:
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Specific vs. General Use: Will the Power of Attorney be for a specific purpose, or will it be general? If specific, please describe the intended use.
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Jurisdiction: Is the Power of Attorney limited to a particular country or jurisdiction, or will it have no geographic limitations?
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Time Limit: Will the Power of Attorney be unlimited in time, or will it expire after a certain period?
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Activation upon Incapacity: Should the Power of Attorney only become effective upon the Grantor becoming mentally incompetent, as determined by a doctor?
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Transfer of Assets: Will the recipient of the Power of Attorney have the authority to transfer property or assets owned by the Grantor?
Specialized Power of Attorney Services
For more specific uses, such as real estate transactions, banking, or litigation, additional information may be required:
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Real Estate: Provide the deed with legal and municipal descriptions if the POA involves property management or transactions.
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Bank Accounts: For banking-related POAs, we require account numbers and branch information.
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Litigation: For POAs related to court cases, providing the court file number is helpful.
Important Considerations
Granting a Power of Attorney is a significant decision and comes with risks. It is essential to appoint someone you trust completely, as POAs can sometimes be difficult to revoke. At NLCI, we ensure that all the risks and responsibilities of granting a Power of Attorney are fully explained. You will be required to sign an acknowledgment confirming that you understand and accept the associated risks.
Please also note:
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A Power of Attorney is only valid while the Grantor is alive. After death, the document ceases to be effective, and the Grantor’s wishes can only be carried out through a Last Will and Testament.
Why Choose NLCI for Power of Attorney Preparation?
At NLCI, we understand the importance of having a legally binding and carefully drafted Power of Attorney that protects your interests. Our team provides personalized attention to ensure that your document is customized to your specific needs, whether you require general powers or a limited use POA. We also ensure that you are fully informed of the risks and responsibilities involved in granting this authority.
If you are ready to prepare your Power of Attorney, contact us at YOURLAWYER@BELLNET.CA or call 416-292-4667. Our team is here to assist you in protecting your assets and ensuring that your wishes are respected.