The Durable Power of Attorney is one of the most important legal documents. This document gives someone else the right to make legal decisions on your behalf if you become incapacitated and can’t make decisions. You can limit the scope of the Durable Power of Attorney, or you can make it very broad.
When you appoint someone with this power they can do things like sell your home or car. They could also sign contracts in your place or even make health care decisions for you. The person can handle your finances and perform any legal actions that you can’t do yourself.
A general Power of Attorney allows the person you appoint to do every type of legal act. It gives the person broad powers, so you have to think carefully about who you want to appoint to this very powerful position. You can always specify what types of things you want the other person to be able to do for you if you don’t want them to gain full control of your estate.
The Durable Power of Attorney ensures that your power of attorney doesn’t end when you become incapacitated. You want to think about who you want to appoint with these powers while you are still mentally capable. If you appoint someone with Power of Attorney and you are not mentally capable, your appointment could be challenged.
When you are appointing someone with Power of Attorney, you also have to think carefully about what you want them to be able to do. You have to trust this person and you have to be sure that they are going to act in your best interest if you are incapacitated. Knowing that someone is there to do your wishes if you can’t make your own decisions gives you peace of mind and it ensures that your estate is going to be taken care of the way you want it to.
A Durable Power of Attorney helps you to avoid intervention by the courts and it also helps to ensure that someone you don’t want to manage your financial affairs ends up managing them. The Durable Power of Attorney helps you manage your assets and ensures that they get to the people you want them to go to. You never know when you are going to become incapacitated and having a Durable Power of Attorney protects you.