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A durable power of attorney allows a person to choose someone else to make financially related decisions on their behalf. The term “durable” refers to the form remaining in effect even if the person delegating the power, the “principal,” is deemed incapacitated.
Durable (Financial) Power of Attorney – Delegates financial decision-making powers to someone else. The term “durable” means the form remains in effect even if the principal is no longer able to make decisions for themselves. Download: Adobe PDF, MS Word (.docx)
A durable power of attorney (DPOA) form allows an individual (principal) to select someone else (agent) to handle their financial affairs while alive. "Durable" refers to the form remaining valid even if the principal becomes incapacitated.
Free Durable (Financial) Power of Attorney Forms. A durable power of attorney allows you to handle another person’s financial decisions on their behalf. All decisions made must be to the benefit of the person being represented.
Power of attorney is a designation given to an agent to handle financial or medical acts on someone else’s behalf. 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 ).
The General Power of Attorney enables a designated individual to perform specified tasks on behalf of another person. The actions must be listed in the form and the principal’s signature to confirm that they assign this individual to represent them.
A durable (financial) power of attorney form is a legal document that gives an individual (principal) the power to appoint a trusted person or entity (the agent or attorney-in-fact) to manage their finances.