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Definitions from the Web

Durable Power of Attorney

Definition: A legal document that grants someone the authority to act on behalf of another person, typically in financial and legal matters, even if the person becomes incapacitated or unable to make decisions.

Senses:

1. Legal Sense:

A durable power of attorney is a legally binding agreement that remains effective even if the person who created it becomes mentally or physically incapable of managing their affairs.

Example Sentence: The elderly couple appointed their adult son as their durable power of attorney, giving him the authority to make decisions on their behalf if they were unable to do so.

2. Financial Sense:

Durable power of attorney is commonly used in financial planning to ensure someone is authorized to handle financial matters on behalf of the grantor in case of incapacitation.

Example Sentence: Sarah appointed her trusted financial advisor as her durable power of attorney to manage her investments and make financial decisions if she ever became unable to do so.

3. Healthcare Sense:

A healthcare durable power of attorney grants someone the authority to make medical decisions on behalf of the grantor when they are unable to communicate or make decisions themselves.

Example Sentence: Mary named her sister as her healthcare durable power of attorney, trusting her to make important medical decisions if she was ever incapacitated.

Related Products:

Explore these books on the subject:

• Durable Power of Attorney Legal Guide
• Durable Power of Attorney and Financial Planning
• Durable Power of Attorney for Healthcare