Power of Attorney: General vs. Durable
A Power of Attorney, or POA, is a legal document that allows you (the “principal”) to give someone else (your “agent”) the authority to make decisions on your behalf. You might want to do this if you’re planning to travel, or simply want someone you trust to handle things if you become unable to do so yourself.
But not all POAs are created equal. The key difference between a general and a durable power of attorney is what happens if you become incapacitated. Does the document remain in effect, or does it end?
This article will explore the differences between a general and a durable power of attorney, and help you decide which type is right for your situation.