Enduring Power Of Attorney
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3ENDURING POWER OF ATTORNEY
This power of attorney is given on
by
of
(date)
(donor)
.
(donor’s address)
A. EXPLANATORY NOTES FOR THE ASSISTANCE OF THE DONOR
READ THESE NOTES BEFORE SIGNING THIS DOCUMENT
1. This document is an ENDURING POWER OF ATTORNEY that takes effect as soon as it is signed and witnessed.
It will continue during your lifetime and it will not come to an end if you become mentally incapacitated in the future,
unless you have revoked it before that time. If you become mentally incapacitated your attorney will have a duty
to manage your affairs and will not be able to resign without first obtaining permission from the Supreme Court of
the Northwest Territories.
2. You must be nineteen years of age or older to give a power of attorney.
3. The effect of this document is to authorize the person you have named as your attorney to act on your behalf with
respect to your property and financial affairs. This could include your lands, houses, bank accounts, pensions,
RRSPs, stock and mutual fund investments, vehicles and anything else you own.
4. Unless you state otherwise in this document, your attorney will have very wide powers to deal with the types of
property listed above. The attorney will also be able to use your property to provide support for your spouse and
dependant children. You should consider very carefully whether or not you wish to impose any restrictions on the
powers of your attorney.
5. Your attorney should be someone you know and trust completely and who is very capable of handling financial
matters. Your attorney could seriously deplete or eliminate your financial assets.
6. You may not appoint as your attorney a person who is under the age of nineteen years, is mentally incapacitated or
is an undischarged bankrupt.
7. You may revoke this power of attorney at any time, as long as you are mentally capable of understanding what you
are doing.
8. This power of attorney will come to an end on your bankruptcy or death, on the attorney’s bankruptcy, mental
incapacity or death, or on the occurrence of other circumstances as provided in the Powers of Attorney Act.
9. You may name a "recipient" to receive reports on your financial affairs, in the form of an accounting, from your
attorney. The recipient would then be able to review the reports to ensure that your attorney is properly handling
your affairs.
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