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A durable power of attorney and a healthcare proxy are both agency documents created in writing to appoint an agent to act on your behalf. They exist as long as you are alive and are revoked upon your passing. A durable power of attorney appoints a trusted individual to handle your affairs, including investments and bank accounts, if you are unable to do so. A healthcare proxy, on the other hand, appoints someone to make medical decisions on your behalf if you are unable to do so yourself. Both documents are crucial for ensuring your wishes are carried out in the event of incapacitation.
