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A durable power of attorney that is effective even when the maker becomes incapacitated or unable to manage their own affairs.
Definition for durable power of attorney. The document is also known as a durable power of attorney for finances. That s because in this particular article we are going to discuss everything important about a durable power of attorney. Definition of durable power of attorney noun a legal document designating an agent to act on behalf of the person signing the document the principal that remains in effect if the principal becomes incapacitated. A general durable power of attorney both authorizes someone to act in a wide range of legal and business matters and remains in effect even if you are incapacitated.
But do you know what a durable power of attorney is. A durable power of attorney is a legal document or provision whereby one person may assign someone else to act in his place in matters of law or business. Durable power of attorney. Definition of durable power of attorney.
A type of advance medical directive in which legal documents provide the power of attorney to another person in the case of an incapacitating medical condition. The poa can take effect immediately or can become effective only if you are incapacitated. A power of attorney that is not durable may expire when the maker becomes incapacitated. Well if you don t then you have to the right place.
Durable powers of attorney have become popular because they enable the principal to have her or his affairs handled easily and inexpensively after she or he has become incapacitated. The person who authorizes the other to act on his behalf is known as the principal while the other is called the agent.
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