Durable Power of Attorney

Durable General Power of Attorney is an important and potentially powerful document for elder care planning. The Power of Attorney allows a person (the “principal”) to grant another person (the “agent”) the authority to act on the principal’s behalf, to manage his or her assets, make legal decisions and enter into transactions with regard to both business and personal affairs (excluding decisions regarding healthcare that are covered by a separate document called a Health Care Proxy or MOLST). The agent, who must be an adult, is the principal’s fiduciary, meaning he or she must act according to the principal’s wishes, or if the principal becomes incompetent, act in the best interests of the principal.

Some considerations:

Contact an Attorney