What is a durable power of attorney?

 

Most people are familiar with the idea of a power of attorney, and some have never heard the term ‘durable power of attorney,’ but a durable power of attorney is a very important part of an appropriate estate plan. A durable power of a attorney is in place so that if something happens to you, short of death, where you have lost your competency, then you have appointed someone else who can act on your behalf.

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