What is a durable power of attorney?

A durable power of attorney is a document used in North Carolina that allows a person to appoint another individual to handle their legal and financial affairs in the event that they are unable to do so. This document is especially important for elderly individuals who may not be able to manage their own affairs due to physical or mental illness. When granting a durable power of attorney, the person must specify the exact legal and financial matters that the appointed individual is authorized to handle. This can include paying bills, collecting Social Security, signing contracts, investing money, filing taxes, and creating estate plans. As soon as the document is signed, it goes into effect, and the appointed individual is able to make decisions on behalf of their elderly relative. However, the elderly individual still maintains control over the decisions, and can revoke the durable power of attorney at any time. It is important to note that durable power of attorney is different from a medical power of attorney, which only deals with medical decisions made on behalf of the elderly individual. It is also different from a living will, which prepares for the medical care a person would like to receive if they become unable to communicate their wishes. In conclusion, a durable power of attorney is an important document for elderly individuals living in North Carolina. It allows them to appoint an individual to handle legal and financial affairs on their behalf, and they still retain control over the decisions that are made.

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What is a durable power of attorney?

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