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A durable power of attorney involves a principal who designates an agent to manage their financial matters, typically in writing. While a spouse is often selected as the agent, any trustworthy individual can be chosen. Attorneys suggest selecting someone who is also a beneficiary in the principal's will. The principal may appoint multiple agents to make decisions collectively or name an alternative agent if the primary one is unable to act. The key distinction between durable and general power of attorney is that the latter becomes invalid upon the principal's incapacitation, whereas the durable version remains effective until the principal's death or revocation.
