What is a General Durable Power of Attorney?
A General Durable Power of Attorney provides the greatest amount of power to an individual (an “Agent”) acting on behalf of another individual (a “Principal”) in matters related to the Principal’s assets. A Power of Attorney is a document that grants an individual (an “Agent”) the right to act on behalf of another individual (a “Principal”). A Power of Attorney can be “Special”, which limits the rights of the Agent to specific situation or period; or the Power of Attorney can be “General”, which allows the Agent the right to act on behalf of the Principal in a broader range of situations. A “Durable” Power of Attorney allows the Agent to act on behalf of the Principal even following the subsequent disability or incapacity of the Principal.
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