What is a durable power of attorney?

A durable power of attorney is a type of legal document that allows a person to grant another person, known as the agent or attorney-in-fact, the authority to make decisions on their behalf. This document is especially helpful for family planning and estate planning purposes. In the state of Illinois, a durable power of attorney can grant the agent (the person you appoint) the right to make decisions for you that can include handling financial matters, making medical decisions, operating a business on your behalf, and making gifts or investments. A durable power of attorney is effective even if you become mentally incapacitated in the future. It can also be used when you are temporarily unable to make decisions or if you are abroad. The document is not just useful for adults, but it can also be used for minors in Illinois. A parent or legal guardian can create a durable power of attorney to appoint a guardian on behalf of the minor if they become mentally incapacitated or if the parent/guardian is unavailable. It is important to make sure that the person you appoint is someone you trust. You should also discuss with them what powers you are granting and provide them with any specific instructions for how to use them.

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What is a durable power of attorney?

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