What is a durable power of attorney?
A durable power of attorney (DPOA) is a written document that allows you to designate an individual to act on your behalf in legal matters. In Alabama, a durable power of attorney allows your representative to make decisions regarding the management of your assets if you become mentally incapacitated. Your designated representative can use a durable power of attorney to handle a variety of legal matters on your behalf, such as paying bills, managing investments, and making medical decisions. Additionally, the DPOA can be used to transfer ownership of your property and assets, both real and personal, upon your death. In order for the durable power of attorney to remain valid, the document must state that the power of attorney is “durable”. This means that the power will remain valid even if you become mentally incapacitated and unable to manage your affairs. As long as you are legally competent to make decisions, you can revoke the durable power of attorney at any time. Inheritance law in Alabama is complex, and a durable power of attorney can be a useful tool in managing your affairs. It is important to remember that you must designate an individual you trust to act on your behalf and that the durable power of attorney must specify that the power is “durable” in order for it to remain valid.
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