In a blog posted last week, we explored the different types of substitute decision-makers that can be appointed with respect to personal care. In this blog, we will turn our attention to substitute decision-makers with respect to property.
I’m not sure if my dad has the capacity to sign a Power of Attorney for Property?
In a Power of Attorney for Property, the ‘grantor’ (the person signing the document) appoints one or more persons to make decisions on their behalf with respect to their property. In order to have the required mental capacity to sign a Power of Attorney for Property, among other things, the grantor must know what kind of property they have and its approximate value as well as appreciate the authority that they are giving to the Attorney.