What is a durable power of attorney?
A durable power of attorney (DPOA) is a legal document that allows you to appoint someone to act on your behalf in the event of your illness, disability, or incapacity. It gives the appointed person the authority to make decisions for you and act on your behalf in a variety of matters. In South Dakota, a durable power of attorney must be used if you wish to appoint someone to handle your finances and property management when you are no longer able to do so. A durable power of attorney may be used to give someone authority to act on your behalf in property, financial, healthcare, and other legal matters. It is important to be very specific in stating who will be the appointed person, as well as what they are authorized to do. This will help to ensure that your wishes are followed. The person appointed in your durable power of attorney will be your agent or attorney-in-fact. This person will act in your best interests and be guided by the authority stated in the document. It is important to select someone trustworthy, organized, and competent to handle your affairs. Your durable power of attorney will remain in effect until you revoke it or it automatically terminates, such as upon your death. A durable power of attorney is an important part of estate planning in South Dakota, because it allows you to have someone you trust handle your affairs in the event of your incapacity. Be sure to consult with an attorney when setting up a durable power of attorney to ensure that it is done properly and legally.
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