What is a durable power of attorney?
Power of attorney can be classified into various distinct types. Power of attorney is classified as special or general, the nature of agreement between the principal and agent. Typically a general power of attorney generally expires if the principal becomes physically or mentally incapacitated. If the principal clearly certifies that he wants the power of attorney to continue even in such a situation, such power of attorney is called as a durable power of attorney.
A durable power of attorney enables your elderly parent to appoint an agent, such as a trusted relative or friend, to handle specific health, legal and financial responsibilities.