Durable Power of Attorney

Durable Power of Attorney

by Richard C. Wilson & Family Offices Group Association Team

Family Office Definition: Durable Power of Attorney

Durable Power of Attorney definition:  Durable power of attorney is a legal document giving authority to an individual to act on your behalf. The document should detail which specific powers are given and the conditions when powers will be delegated. Durable powers only end at the death of the individual protected (as opposed to limited powers) or a specified term in the document. Durable powers avoid court proceedings for conservatorship should the protected individual become incapacitated.

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