What is a Durable Power of Attorney?

Wills, Probate, and Estate Planning

This is a special power of attorney that permits a person you chose manage your financial affairs if you are not able to manage your affairs. You manage your own finances as long as you are able. However, if you are unable to manage your finances, your spouse, trusted family member or friend will be able to make sure that your finances and assets are safeguarded. Financial institutions will recognize this document and work with the person you name to manage your finances.