The durable power of attorney is often one of the most important documents and one of the most forgotten and least likely to be completed. Naturally one does not wish to think about the end of their life, or what should happen if they enter into a state lacking ability to care for oneself.
The durable power of attorney is utilized to appoint someone you trust to assist with managing your decisions as you begin to lack the ability to do so on your own. The durable power of attorney will allow the person appointed to make important decisions for you and allow them assist you with decisions when necessary.
Something to think about is that all estate planning documents, including the durable power of attorney must be signed and agreed upon when all parties involved are of a “sound mind” to be able to make decision on your own. One must have capacity to create and agree to such documentation.
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