POA FOR PROPERTY
In Ontario, managing property for an incapable person is done by either a guardian of property or an attorney under a Continuing Power of Attorney for Property.
With the exception of power to make a Will an attorney appointed under a Continuing Power of Attorney for Property has the power to do, on the incapable person’s behalf, anything in respect of property that the person could do if capable.
Someone is incapable of managing property if he or she is unable to understand information relevant to making decisions regarding the management of his or her property, or appreciate the reasonably foreseeable consequences of a decision or lack of decision regarding managing their property.In order to have a valid Continuing Power of Attorney for Property the attorney needs to be appointed prior to incapacity. Therefore, you will not be able to appoint someone as an attorney for property during the time that you are incapable.