Durable Power of Attorney
Personal Affairs
Use this durable power of attorney form to give another person the power to make decisions on your behalf regarding your financial, real estate, or business affairs.
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About This Form
A Durable Power of Attorney is a legal document that grants another person the authority to make decisions on your behalf, particularly in matters related to your financial, real estate, or business affairs. This document remains in effect even if you become incapacitated, ensuring that your affairs are managed according to your wishes. It's an essential tool for individuals who want to ensure continuity in the management of their personal affairs in case of unforeseen circumstances.
When to Use This Form
- When you want to ensure someone can manage your affairs if you become incapacitated
- If you need someone to handle specific financial or business transactions on your behalf
- When planning for future incapacity or unexpected events
- To provide clear instructions and authority to a trusted individual
- As part of comprehensive estate or financial planning
Key Features
- Grants authority to an agent to manage financial, real estate, or business affairs
- Remains effective even if the principal becomes incapacitated
- Can specify the scope and limitations of the agent's authority
- May include provisions for the agent to handle specific transactions or decisions
- Should be notarized for added legal validity
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