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Durable power of attorney |
Also found in: Medical, Legal, Acronyms, Encyclopedia, Wikipedia, Hutchinson | 0.04 sec. |
Durable power of attorney. You can grant a durable power of attorney to an agent of your choice, giving that person -- called the attorney-in-fact -- the right the make legal decisions for you if you aren't able to do so. Your attorney-in-fact also has the right to buy and sell property on your behalf and to handle your financial affairs. You retain the right to revoke the power or name a new agent at any time. An agent with durable power of attorney continues to have the power to act on your behalf if you become incompetent. However, not all states allow durable powers. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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THE FOLLOW-THROUGH: While the Vinsons have wills, living wills, a durable power of attorney for healthcare, and a durable power of attorney for property, the bypass trust is still on their to-do list. Long-term care practitioners often are not aware of the true parameters of the durable power of attorney. ; What is a Durable Power of Attorney for health care? |
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