What is Durable Power of Attorney? Power of Attorney is simply a legal document that is drafted by your legal counsel to iterate your wishes for yourself and your assets should you become incapacitated or rendered incompetent via illness, an accident, or by aging.
Durable Powers of Attorney are arguably one of the most important legal documents. POAs must be extremely detailed and allow you to give control of your assets to someone that you have selected and trust without question. If poorly constructed, you could find these decisions being made by an attorney who does not know your wishes or your needs.
Conversely, in the event that you are left incapacitated or declared incompetent a properly drafted and executed POA will allow your designated attorney to make important decisions for you. This can include an array of financial and medical responsibilities as well as making end of life care decisions.