Continuing powers of attorney for property: ‘Effective immediately’ v. ‘springing’

By Marly Peikes (December 7, 2022, 9:16 AM EST) -- Under a continuing power of attorney for property (for ease of reference, referred to throughout this article as a power of attorney), a grantor can give the authority to one or more people to manage their money and property on their behalf. In Ontario, the person appointed in this role is referred to as an “attorney” (this is not a reference to the grantor’s lawyer). Unless the grantor limits their attorney’s powers, their attorney for property has the power to do anything on their behalf with respect to their property that they could do if capable, except make a will....