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A durable power of attorney is a legal document involving two parties: a principal and an agent. The principal designates the agent to handle financial matters on their behalf, typically in writing. While a spouse is often chosen as the agent, the principal can select anyone they trust, with attorneys suggesting opting for a will beneficiary. The principal may appoint multiple agents to make decisions together or designate an alternate if the primary agent cannot act. The key distinction between durable and general power of attorney is that the latter becomes invalid upon the principal's incapacitation, as determined by a court, whereas the durable power of attorney remains effective until the principal's death or their revocation.
