A Durable Power of Attorney (DPOA) is a legal instrument that grants a designated individual (the agent or attorney-in-fact) the authority to make financial or healthcare decisions on behalf of the principal.
Unlike a standard power of attorney, which becomes void if the principal becomes incapacitated, a DPOA remains in effect, ensuring continuity in the management of financial, legal, or medical affairs.
This document serves as a critical component of comprehensive estate and financial planning, providing a trusted individual with the ability to act in the principal’s best interests should they become unable to do so themselves.
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