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A durable power of attorney (DPOA) involves a principal and an agent, where the principal designates the agent to manage their financial matters. This agreement is typically in writing, and while many choose a spouse, any trustworthy individual can be selected. It's often recommended that the agent be a beneficiary of the principal's will. A principal may appoint multiple agents to make decisions together or designate an alternative if the primary agent cannot act. The key distinction between a durable and general power of attorney is that a general power of attorney expires if the principal becomes incapacitated, whereas a durable power of attorney remains effective until the principal's death or revocation.
