What does durable power of attorney signify?

Durable power of attorney is a legal document that authorizes an agent to make decisions on behalf of the principal, particularly in financial or healthcare matters. The key characteristic of a durable power of attorney is that it remains in effect even if the principal becomes incapacitated or legally incompetent. This means that the agent can continue to act on the principal's behalf, ensuring that there is no disruption in the management of the principal's affairs during a time when they are unable to do so themselves.

This is particularly important for individuals who wish to ensure that their decisions regarding their healthcare or financial matters are handled according to their wishes, regardless of their health status at a later time. The durable aspect of this legal instrument distinguishes it from a standard power of attorney, which would become void upon the principal's incompetence.