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A general durable power of attorney authorizes someone to act in a wide range of legal and business matters and remains in effect even if you become incapacitated. The document is also known as a durable power of attorney for finances.
A durable power of attorney, sometimes called a DPOA for short, means there is language within the legal document providing that this power extends to your agent even in the event you become incapacitated and unable to make decisions for yourself.
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. Explore the types of powers of attorney and how they work.
A durable financial power of attorney can avoid financial disaster in the event you become incapacitated. You can also use a POA to allow someone to transact business for you if you are out of town or otherwise unavailable.
Unlike a regular power of attorney, which is nondurable, a medical power of attorney is always a durable power of attorney. A nondurable power of attorney expires and is no longer valid if you become incapacitated.
A durable financial power of attorney can avoid financial disaster in the event you become incapacitated. You can also use a POA to allow someone to transact business for you if you are out of town or otherwise unavailable.
A person who holds a power of attorney is sometimes called an attorney-in-fact. Many people sign a financial power of attorney , known as a durable power of attorney , to give a friend or family member the power to conduct financial transactions for them if they become incapacitated.
If you're incapacitated, you need to protect your assets. Power of Attorney from LegalZoom can help give you peace of mind when you're unable to make decisions
What Is a Durable Power of Attorney, and How Does It Work? 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.
What's the difference between durable and regular power of attorney? While durable POA agreements stand after the principal's incapacitation, a regular, or springing, power of attorney doesn't. Illinois forms include a space for you to fill in when the POA becomes effective.