A durable power of attorney is a legal document that gives someone authority to manage financial or medical decisions if the individual becomes incapacitated.
A durable power of attorney is a legal document that gives someone authority to manage financial or medical decisions if the individual becomes incapacitated.
A durable power of attorney is a legal document that grants a designated person the authority to manage financial, legal, or healthcare matters on behalf of another individual, even if that person becomes mentally incapacitated.It differs from a standard power of attorney in that it remains in effect after the individual loses decision-making capacity. Establishing a durable power of attorney is a critical part of estate and care planning, ensuring continuity and protecting a senior’s interests during unexpected events.
A durable power of attorney is a legal document that allows someone you trust to manage your financial and legal affairs if you become unable to do so. It “durably” remains in effect even if you lose mental capacity. This person can pay bills, manage accounts, handle property transactions, and oversee tax or legal matters on your behalf.Having this document in place avoids court-appointed guardianship, which can be costly and time-consuming for families. It ensures decisions can be made promptly and by someone who understands your wishes. Planning ahead with a durable power of attorney offers security, simplifies financial responsibilities, and protects your interests when you’re most vulnerable.