What is a durable power of attorney?

A durable power of attorney is a legal document that grants someone (called an “agent” or “attorney-in-fact”) the authority to act on behalf of the person (the “principal”) who creates the document. The authority granted can be as broad or limited as the principal desires. For example, an agent might be appointed to make financial decisions, healthcare decisions, or both. In Pennsylvania, a durable power of attorney must be in writing and signed by the principal, or someone authorized to do so on their behalf, and two witnesses, all of whom must be adults. The laws governing durable powers of attorney can vary from state to state, so it is important to make sure the document is valid in Pennsylvania. A durable power of attorney is an important part of estate planning, as it allows people to make decisions about their affairs if they become incapacitated or otherwise unable. For instance, if a person suffering from dementia or Alzheimer’s can no longer make decisions for themselves, an agent appointed in their durable power of attorney can make decisions on their behalf. It also allows someone who is simply time-challenged to still have their affairs managed without them having to be present at all times.

Related FAQs

How do I change the executor of a will?
What is the difference between a revokeable and irrevocable trust?
What are the estate planning documents I should have?
Can I make changes to a trust after I die?
What rights do heirs have to a will?
How are payments distributed through probate?
Can I change the beneficiaries of my will after I die?
Can I make gifts in a will?
What is the difference between a living will and a last will and testament?
What is an inheritance trust?

What is a durable power of attorney?

Related FAQs

Related Blog Posts