Saturday, July 9, 2016

Durable Power of Attorney

A Durable Power of Attorney is one that stays active even if you are not able to make your own decisions.

If a power of attorney is not durable, then the moment you become unable to make your own decisions (i.e. legally incompetent) the power of attorney stops working. This does not give you the protection and security that you need in life.  You need a power of attorney that continues to work even when you are not capable of making your own informed, rational decisions.

By default, in most states, a power of attorney is not durable.

In estate planning, the preference is for a Durable Power of Attorney. Durable means that it will not stop working if you become mentally incapacitated, that is unable to make your own decisions.



from Protecting You And Your Family http://ift.tt/29WQxUZ


from DeWitt Law Firm, PLLC

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