![]() If you create an enduring POA, you can decide who you would like to make financial and medical decisions on your behalf when you can’t make them yourself. This arrangement designates another individual – the attorney in fact – to act on the principal’s behalf, including a durable clause that maintains the POA after the principal becomes mentally ill or incapacitated. On the other hand, an ordinary POA is valid as long as you are competent. This means that it remains in effect even if you become incapable of making your own decisions. After its creation, the document is valid whether or not you are competent or not. Durable power of attorneyĪ durable power of attorney, sometimes known as an enduring POA, must be created when you are mentally competent. You must consider these options and have an appropriate power of attorney that suits your needs. Whenever you appoint an attorney you have to make a number of choices about the types of decisions the attorney can make on your behalf and when the attorney may act for you. Learn how you can notarize real estate purchase agreements. You may know that these agreements are often used in real estate transactions, financial matters, such as banking, investments, and insurance, and personal and legal matters, such as establishing estates and trusts. Powers of attorney documents generally come in five types, including the durable POA, general POA, and the medical or healthcare POA. POAs can also differ by when they take effect and how long they last. ![]() This means they vary according to how much control and discretion they grant the agent. US states that offer the option of notarization and witness signature. ![]()
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