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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.
Similar to a legal last will and testament, you do not need to have your power of attorney documents notarized for them to be legal. This applies to power of attorney documents in all provinces in Canada. However, there are a couple instances where you may want to include a notary.
You do not need a lawyer to draft your power of attorney of attorney documents in Ontario. However, there are some criteria you need to meet in order for it to be legal. In Ontario this includes: The document must be stored as a physical document (It must be printed and cannot be stored online)
How much does it cost to get a power of attorney in Ontario? The legal fees of a power of attorney in Ontario are usually calculated based on the document you want to authorize to a lawyer. The price can range anywhere from $100 to $300 per document. Contact us directly for more details.