A durable power of attorney form is a sample document used to help create a power of attorney form. A power of attorney allows a person or organization the legal permission to act on behalf of another. A number of websites offer sample durable power of attorney forms which can be downloaded and customized to meet the needs of the person using the form.http://elder-law.lawyers.com/Powers-of-Attorney.html
These documents can be used to allow a second party to conduct financial transactions or make medical decisions for the grantor, or person referenced in the document. A durable power of attorney differs from a non-durable power of attorney as the durable clause in the document keeps the agreement valid should the person become disabled or incompetent. In a non-durable power of attorney, should a person become incapacitated, the agreement is no longer valid.http://elder-law.lawyers.com/Powers-of-Attorney.html
A standard durable power of attorney form will include basic information about the person referenced in the document, including name, address, marital status and date of birth. The document will also provide similar information about the agent, or second party, permitted to act as a result of the agreement. The terms of the agreement are detailed, such as what powers are granted to the agent including permissions to buy or sell property or real estate, if the agent is permitted to conduct banking for the grantor and any proxy rights the agent is given, among other things. A durable power of attorney will also define any actions or powers the agent does not have as well as any compensation the agent will receive for the services.http://elder-law.lawyers.com/Powers-of-Attorney.html
Durable Power of Attorney Overview
This informative video from eHow provides a quick overview of a durable power of attorney. Attorney Brad Wiewel explains that the document acts as a permission slip, allowing an agent to manage assets of another person should that person become unable to do so personally. This includes financial matters, such as writing checks and managing stocks. He also explains the durable clause allows these decisions to be made after the grantor become incapacitated.
Disclaimer
The content in this page is not a substitute for professional legal advice. Please contact a law professional before using the information presented here.
