THE NOTARY AND YOUR RETIREMENT
As you embark on your retirement years, content to have made
your contribution to society, you have earned the right to
enjoy those years in complete peace in mind. Your notary can
help you to work out solutions for any legal concerns you
Power of attorney: a good thing to have when things
are going well
If you are planning to go on a trip or if you expect to spend
time in the hospital, it is comforting to know that someone
can attend to your affairs and administer your property or
assets while you are away. That person may be your spouse,
one of your children or a good friend. How it this done ?
You have only to sign a document entitled power of attorney
or mandate by which you, the constituent or mandator, appoints
an attorney or mandatary to act on your behalf.
The power of attorney may make provision for entrusting your
attorney with a fairly comprehensive list of powers.
If you plan to be away for an extended period of time, a general
power of attorney is the best instrument for authorizing your
attorney to take and action on your behalf without incurring
Your attorney may pay your rent, make your mortgage (hypothec)
payments, make deposits or withdrawals at your bank or renew
your insurance policies, etc.
You may wish to confer on your attorney only a special power
of attorney limiting the powers given to him and authorizing
him to sign only certain deeds. You may grant authorization,
for instance, to sell your property during your absence, but
only in accordance with the conditions laid down by you.
The power of attorney is valid only if you, the constituent,
and your attorney are in full possession of your respective
Since April 15, 1990, it has become possible to give a Power
of Attorney or mandate in advance to another person who will
take care of you and administer your property if you become
unable to do so yourself. Refer to the brochure "The Mandate"
in this regard.
Your notary can advise you on the contents of the power of
attorney and draw up this authorization, adapting it to your
special needs. Note that a power of attorney is automatically
cancelled in the event of death, or of mental incapacity.