In theory, the durable power of attorney is a relatively simple document. All it should need to say is the following: I, Joe Blow, hereby appoint Janet Planet to step in for me in the event of my [...]
Question: Why are powers of attorney called “durable” and what’s the difference between a “durable” and a “non-durable” power of attorney? Response: A “durable” power of attorney is one that [...]
The Achilles heel of powers of attorney is that banks and other financial institutions sometimes refuse to honor them. A certain amount of caution on the part of financial institutions is [...]
A power of attorney may be either immediate or “springing.” Most powers of attorney take effect immediately upon their execution, even if the understanding is that they will not be used until and [...]
Question: Do I need a lawyer to get a durable power of attorney? Response: No. But it’s probably a good idea. You can find good durable power of attorney forms online and even in some stationery [...]
A durable power of attorney is a document through which you appoint another person (or two people) – to be your “attorney-in-fact” – to step in and manage your financial and legal affairs if and [...]