What Is a Durable Power of Attorney?
First, what is a Power of Attorney? A Power of Attorney is a legal document you create (you’re called the principal) in which you give authority to a person (or multiple persons acting jointly) to act on your behalf if you cannot do so yourself. The person given the authority is called your agent. Your Durable Power of Attorney can give your agent a broad range of powers, and may allow your agent to do anything that you could have done yourself if you were able. This includes managing your finances, assets and business.