Durable Power of Attorney (DPOA)
Durable Power of Attorney (DPOA)
A Durable Power of Attorney (DPOA) is a legal document that allows you to appoint someone (called an agent or attorney-in-fact) to manage your financial and legal affairs if you become incapacitated. Key features include:
1. Remains effective even if you become mentally incompetent
2. Can be immediate or “springing” (activated only upon incapacity)
3. Grants broad or limited powers to the agent
4. Covers financial decisions, property management, and legal matters
5. Different from a Healthcare Power of Attorney, which is for medical decisions
A DPOA ensures your affairs are managed according to your wishes if you’re unable to do so yourself. It can prevent the need for court-appointed guardianship and provide peace of mind for you and your family. It’s advisable to choose a trustworthy agent and clearly define their powers in the document.