what is adurable power of attorney

by Keenan Muller 4 min read

A durable power of attorney refers to a power of attorney which typically remains in effect until the death of the principal or until the document is revoked.

What is the best power of attorney to have?

You can write a POA in two forms: general or limited. A general power of attorney allows the agent to make a wide range of decisions. This is your best option if you want to maximize the person's freedom to handle your assets and manage your care.

What is the advantage to executing a durable power of attorney?

It Can be Empowering – A durable power of attorney allows you to decide in advance who will make decisions on your behalf without removing any of your rights or transferring ownership of assets. You also get to decide how much control the agent has over your care and your assets.

What are the disadvantages of a durable power of attorney?

The Disadvantages of a Durable Power of Attorney You will not have direct control over your agent's actions because he or she will have the authority to enter into transactions for you, without you being present.

What three decisions Cannot be made by a legal power of attorney?

You cannot give an attorney the power to: act in a way or make a decision that you cannot normally do yourself – for example, anything outside the law. consent to a deprivation of liberty being imposed on you, without a court order.