What Does Durable Power of Attorney Mean In Estate Planning?
A legal document giving someone else the legal authority to make general decisions on your behalf when you cannot act for yourself. This can be limited to doing one thing (signing a mortgage, buying a car) or broad enough to cover anything and everything you make decisions on. This is valid through incapacity but ends the moment of death.
Example Of Durable Power of Attorney In Regards To Estate Planning
My mom has recently started to have problems with her memory and we are both glad she took the time to draft a power of attorney and name me as the one to help her take care of things.