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Merge Durable Power Of Attorney

Merge Durable Power Of Attorney

Aug 6th, 2022

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How to Merge Durable Power Of Attorney

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A durable power of attorney involves two parties: a principal and an agent, where the principal designates the agent to manage financial matters on their behalf, typically in writing. While a spouse is often selected as the agent, the principal can choose anyone trustworthy, with attorneys suggesting that beneficiaries of the principal's will be good candidates. The principal may appoint multiple agents to make joint decisions or designate an alternative agent if the primary one fails to act. The key difference between a durable and a general power of attorney is that the general one becomes void upon the principal's incapacitation, whereas the durable power of attorney remains effective until the principal's death or their revocation.

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