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In general, the principal's money or property cannot be transferred to themselves by either type of power of attorney. Note that this restriction applies regardless of whether the principal is alive or dead at the time they sign their power of attorney document.
Unless the power of attorney expressly excludes compensation, in Ontario an attorney for property is generally entitled to compensation at the following rates: 3% of income and capital receipts. 3% of income and capital disbursements. 0.6% per year of assets under management.
Generally speaking, the Attorney may annually receive 3% of all of the income of the Grantor, plus 3% of the money being paid out on behalf of the Grantor PLUS 3/5th of 1% of the assets of the Grantor.
The full form of BOQ is a Bill of Quantity. It is a form of the document, prepared by a cost estimator to calculate the exact cost of project work, to find the total cost we multiply item work by their rate. For tendering and contracting, it is one of the most important documents.
You can write a POA in two forms: general or limited. A general power of attorney allows the agent to make a wide range of decisions. This is your best option if you want to maximize the person's freedom to handle your assets and manage your care.