Benefits of a Durable Power of Attorney
Generally, a Power of Attorney is a legal document that gives a designated individual ("Attorney in Fact" or "Agent") the power to make financial decisions on behalf of the individual executing the document ("Principal"). The key components in a Power of Attorney are the scope and duration of the document. A Power of Attorney can be extremely limited in scope, such as allowing the Agent to complete only specific financial transactions, or very broad in scope, such as granti
