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Wednesday, February 29, 2012

Powers of Attorney for Property in Ontario

Ever wonder what the difference is between "making a will" and doing "estate planning"? The major difference is that estate planning is intended to create a situation in which everything works together - your will, your beneficiary designations, your joint property, your insurance, etc. Making a will is simply creating one document without necessarily knowing how it fits into the overall puzzle.

One major component of a good estate plan is a Power of Attorney that appoints someone to make decisions about property and finances during your lifetime if you can no longer do that for yourself.

I've come across a "Client Advisory" item written by O'Sullivan Estate Lawyers, a firm in Ontario. It contains comprehensive, understandable information about Powers of Attorney and how/why they are used. I highly recommend that Ontario readers click here to check it out.

1 comment:

  1. It is important that we take good care of our property investment by making sure of our plans. Everything will be better for us if we continue doing good things for our business. We have to stay active in the market to attract more customers and be sure to find the right property to market.

    Investments in Real Estate

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