With a power of attorney
Someone you chose, ready
The moment you cannot manage your finances, the person you trust steps in, with the limits you set. No delay, no court.
Ontario
estates · Powers of attorney
Power of attorney for property.
Quick answer
A continuing power of attorney for property lets someone you trust manage your finances and property if you become unable to. It takes effect on signing unless you say otherwise, and you can revoke it any time while you are mentally capable.
Ontario, Canada · Updated 2026.
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01Authority
What your attorney can do.
You can include specific instructions or limits so your attorney acts in line with your wishes.
- ●Pay bills such as mortgage, utilities and taxes
- ●Manage bank accounts and investments
- ●Buy or sell property
- ●Manage rental property
- ●File tax returns
- ●Make decisions about long term care
02Why it matters
With a power of attorney, or without.
A short document now saves your family a slow and costly court process later.
Without one
A court decides
Your family must apply to court to be appointed guardian of property. The process is costly and slow, and the person the court appoints may not be the person you would have chosen.
03Two kinds
Continuing or non continuing.
Most people want a continuing power of attorney, so it keeps working if they become incapable.
| Type | Continues if you become incapable | Typical use |
|---|---|---|
| Continuing power of attorney | Yes | Long term protection of your finances |
| Non continuing power of attorney | No | Temporary cover, for example while you are away from home |
In Ontario, anyone 18 years of age or older and mentally capable can be named. You can appoint more than one attorney and decide whether they act jointly or separately.
Decide who manages your finances if you cannot.
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What is a power of attorney for property
A legal document that lets you appoint someone to manage your property and financial affairs if you are unable to do so.
When does it take effect
Immediately on signing, unless you specify a later time or a condition such as incapacity.
Can I appoint more than one attorney
Yes. You can appoint several attorneys and decide whether they must act jointly or separately.
Can I cancel it
Yes, at any time while you are mentally capable. Tell your attorney and any relevant financial institutions.
How can Khan Law help
We guide you through choosing an attorney and draft a document that reflects your wishes so your finances are managed the way you intend.
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Put someone you trust in charge of your finances.
A named lawyer drafts your power of attorney for property for a fixed fee quoted before we begin.
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