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A durable power of attorney helps you plan for the future, appointing someone to handle finances and make medical decisions if you're unable to The term durable refers to the form remaining valid even if the principal becomes incapacitated.[1] Explore the types of powers of attorney and how they work.

Power of attorney is a designation given to an agent to handle financial or medical acts on someone else’s behalf A durable power of attorney (dpoa) form allows an individual (principal) to select someone else (agent) to handle their financial affairs while alive The person giving permission, known as the principal, can also choose to have the agent continue to operate on their behalf even if they should become incapacitated (known as durable power of attorney).

Durable power of attorney what does it do

A durable power of attorney is one that either takes effect upon or lasts after the principal's incapacitation This is different from a general power of attorney, which would terminate at this point. A durable power of attorney is the delegation of certain financial powers from one (1) party to another In other words, the authority delivered enables the agent to function as the principal in regard to the assigned duties.

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