What Makes A Power of Attorney Durable?
Aug 13, 2010 / By: Bradley B. Anderson, Estate Planning Attorney / Category: Incapacity Planning, POAA Power of Attorney is a document that allows you to give authority to someone you trust to act on your behalf.
POAs are frequently seen in real estate dealings and brokerage accounts, but they also play a big part in your estate plan.
If you were to become disabled, you’d want to have someone who could speak on your behalf with regard to medical treatments and someone who could take over your financial affairs.
A Healthcare Power of Attorney can handle the medical issues and a Property Power of Attorney can see to it that your finances are in order. But these will only work for you if they’re “durable” – meaning that these documents are not automatically revoked in the event you become mentally disabled.
To make a POA durable, you have to properly state that intention in the document itself. The statutes in Nevada recommend the language that should go into the power of attorney document.
To learn more about Powers of Attorney and planning for disability, contact our office today.
Anderson, Dorn & Rader, Ltd is a member of the American Academy of Estate Planning Attorneys.
Tags: POA
