Law 2101 Lecture Notes - Lecture 28: Testator, Edial, Grater

• School: Western University
• Department: Law
• Course: Law 2101
• Professor: Mysty Sybil Clapton

Document Summary

Law 2101: powers of attorney and wills/estates law. Lecture 28 and 29 jan 24th and 26th. Poa = legal document allowing one person to appoint another to act for them. Poa is only effected during a perso(cid:374)"s lifetime or is revoked. Two kinds of poas: continuing power of attorney, (cid:862)attor(cid:374)e(cid:455)(cid:863) (cid:272)a(cid:374) (cid:373)ake fi(cid:374)a(cid:374)(cid:272)ial de(cid:272)isio(cid:374)s for gra(cid:374)ter, power of attorney for personal care, (cid:862)attor(cid:374)e(cid:455)(cid:863) (cid:272)a(cid:374) (cid:373)ake (cid:373)edi(cid:272)al (cid:272)are a(cid:374)d treat(cid:373)e(cid:374)t de(cid:272)isio(cid:374)s for gra(cid:374)ter, (cid:862)li(cid:448)i(cid:374)g (cid:449)ill(cid:863) First type of poa: continuing power of attorney. Allo(cid:449)s attor(cid:374)e(cid:455) to (cid:373)a(cid:374)age the gra(cid:374)ter"s propert(cid:455) a(cid:374)d (cid:373)ake fi(cid:374)a(cid:374)(cid:272)ial de(cid:272)isio(cid:374)s o(cid:374) the gra(cid:374)tor"s (cid:271)ehalf (e. g. ) Effect: a cpoa authorizes the attorney(s) to do anything that the grantor can do with respect to property. Limitations: grantor can put restrictions in the cpoa, attorney cannot make a will. Sample continuing power of attorney (pw-8 in textbook) List of all the i(cid:374)(cid:272)apa(cid:271)le perso(cid:374)"s assets (cid:449)he(cid:374) took o(cid:448)er estate. Ongoing list of assets acquired and disposed of after appointed.