Home Estate Planning Lawyer What is Durable Power Of Attorney?

What is Durable Power Of Attorney?

18
0
Durable Power Of Attorney

What is Durable Power Of Attorney?

A Durable Power of Attorney (DPA) is a legal document that gives another person the authority to act on your behalf in the event that you are unable to do so yourself. The person you appoint as your DPA is known as your “attorney-in-fact” or “agent.”

DPAs are often used in the event that someone becomes incapacitated and is unable to make financial or medical decisions for themselves. The Durable Power of Attorney can be used to give your attorney-in-fact authority over all of your affairs or just a specific task.

For example, you may give your attorney-in-fact authority to pay your bills and manage your finances if you become incapacitated. Or, you may give your attorney-in-fact authority to make medical decisions on your behalf if you are unable to do so yourself.

DPAs can be revoked at any time as long as the person who created the DPA is of sound mind. It is important to keep in mind that once you give someone authority to act on your behalf, they will have a great deal of power over your affairs.

Because of this, it is important to choose someone you trust implicitly to be your DPA. This person should be someone who will act in your best interests and who you are confident will make decisions in line with your wishes.

Creating a Durable Power of Attorney is a serious decision and should not be taken lightly. If you have any questions about whether or not a DPA is right for you, you should speak with an attorney who specializes in estate planning.

A Durable Medical Power of Attorney

A Durable Medical Power of Attorney (DMPA) is a legal document that gives someone else the authority to make medical decisions on your behalf in the event that you are unable to do so yourself. The person you appoint as your DMPA is known as your “attorney-in-fact” or “agent.”

DPAs are often used in the event that someone becomes incapacitated and is unable to make financial or medical decisions for themselves. The Durable Power of Attorney can be used to give your attorney-in-fact authority over all of your affairs or just a specific task.

Durable Financial Power of Attorney

A Durable Financial Power of Attorney (DFPA) is a legal document that gives someone else the authority to make financial decisions on your behalf in the event that you are unable to do so yourself. The person you appoint as your DFPA is known as your “attorney-in-fact” or “agent.”

Frequently Asked Questions

1. What is a Durable Power of Attorney?

A Durable Power of Attorney (DPA) is a legal document that gives another person the authority to act on your behalf in the event that you are unable to do so yourself. The person you appoint as your DPA is known as your “attorney-in-fact” or “agent.”

2. What is a Durable Medical Power of Attorney?

A Durable Medical Power of Attorney (DMPA) is a legal document that gives someone else the authority to make medical decisions on your behalf in the event that you are unable to do so yourself. The person you appoint as your DMPA is known as your “attorney-in-fact” or “agent.”

3. What is a Durable Financial Power of Attorney?

A Durable Financial Power of Attorney (DFPA) is a legal document that gives someone else the authority to make financial decisions on your behalf in the event that you are unable to do so yourself. The person you appoint as your DFPA is known as your “attorney-in-fact” or “agent.”

4. Who can I appoint as my Durable Power of Attorney?

You can appoint anyone you trust as your DPA, as long as they are over the age of 18. This person should be someone you trust implicitly and who you are confident will make decisions in line with your wishes.

5. Can I revoke my Durable Power of Attorney?

Yes, you can revoke your DPA at any time as long as you are of sound mind. Keep in mind that once you give someone authority to act on your behalf, they will have a great deal of power over your affairs.

6. Do I need an attorney to create a Durable Power of Attorney?

While you are not required to have an attorney to create a DPA, it is a serious decision and you may want to speak with an attorney who specializes in estate planning to ensure that it is the right decision for you and that your interests are protected.

7. What if I don’t have a Durable Power of Attorney?

If you become incapacitated and do not have a DPA in place, your family will need to go through the court system to appoint a guardian or conservator to make decisions on your behalf. This process can be lengthy and expensive, so it is best to have a DPA in place before you need it.

8. Is a Durable Power of Attorney the same as a Living Will?

No, a DPA is not the same as a Living Will. A Living Will outlines your wishes for medical treatment in the event that you are unable to communicate those wishes yourself. A DPA gives someone else the authority to make decisions on your behalf, including medical decisions.

9. What if I have questions about Durable Powers of Attorney?

If you have questions about Durable Powers of Attorney, please contact an experienced estate planning attorney in your area.

Previous articleWhat is Power Of Attorney?
Next articleWhat is Maritime Law?

LEAVE A REPLY

Please enter your comment!
Please enter your name here