While a power of attorney with a durability clause is in
effect, if you should become mentally incompetent or disabled and unable to
manage your own affairs, the durable power of attorney would not be affected
because of the durability clause. If it were non-durable, the powers or
authority given to the appointed agent or attorney-in-fact would be terminated
because you became mentally incompetent or disabled. However, with the
durability clause included, the powers or authority listed in the form would
remain in effect and your appointed agent or attorney-in-fact could continue to
act on your behalf. Mental incompetence or a disability can occur due to
illness, injuries from accidents and other health related reasons. Persons
diagnosed with a terminal illness will prepare a durable power of attorney form
to ensure that the person named as their agent or attorney-in-fact can manage
their property and financial affairs for them when they are unable to
themselves.
If you should only want the agent or attorney-in-fact to
have the powers or authority listed in the form if you should become mentally
incompetent or disabled, your power of attorney form would include such a
statement and this type of form is sometimes referred to as a "springing
durable power of attorney" and the powers or authority granted to the
agent or attorney-in-fact in the form would not go into effect unless a
licensed doctor certifies that you are mentally incompetent and incapacitated.
Most durable power of attorney forms go into effect
immediately after they are signed giving the person named as the agent the
powers or authority listed in the form immediately. However, regardless of the
reason you may use a durable power of attorney, you do need to make sure that
the person or organization that you name as the agent or attorney-in-fact is
someone you can trust and who will act in your best interest. Since they can
manage your property and financial affairs, you want to make sure that it is
clearly written on the form what powers or authority you are granting to them.
A lawyer does not have to be chosen as your agent or
attorney-in-fact, however it is extremely important that you choose someone
that you can trust.
Lastly, a successor agent or attorney-in-fact can be named
even with a durability clause included. A successor agent or attorney-in-fact
can be important to include in the event that your first choice for agent or
attorney-in-fact cannot serve or cannot continue to serve as your agent or
attorney-in-fact. Your successor agent can begin to act on your behalf if
necessary without the need for you to complete another form.Visit https://legalizationservicecentre.ca/
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