What is a durable comprehensive power of attorney?
A durable comprehensive power of attorney is a document, whereby you appoint someone to take care of your financial affairs. In the event that you become incompetent or you’re otherwise incapable of managing your own affairs, that person will do that for you. That person stands in your shoes and they can do everything that you could do, had you otherwise been able and capable of managing your finances. The power of attorney is durable, meaning that if you are deemed incompetent, that document remains effective and enforceable . The power of attorney does die with you. At your death, the power of attorney is no longer effective or valid and your will takes over and controls at that point in time.