A general power of attorney allows a designated person to
act as an agent for an individual who is no longer able to
handle his/her financial affairs. The power given to the agent
to manage the assets may be broad or narrow. A power of attorney
is an easy way for an individual to assure that someone trusted
will handle his or her finances rather than a court-appointed
person.
A durable power of attorney can be broad as described in
the above paragraph, or for a particular purpose, such as
selling or purchasing real estate. It is a mechanism generally
used when the principal cannot be at a designated place at the
required time.
The term "durable" refers to the requirement that the power
of attorney state that the powers granted will not be revoked by
reason of incapacity or disability of the person granting the
power of attorney.
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