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A durable power of attorney is a legal document involving two parties: a principal and an agent. The principal selects the agent to manage financial matters on their behalf, usually in writing. While a spouse is often chosen as the agent, the principal can select any trustworthy individual, with attorneys recommending beneficiaries of the will as potential agents. The 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 power of attorney and a general power of attorney is that the latter becomes invalid if the principal becomes incapacitated, while the durable power remains effective until the principal's death or revocation.
