What is a Durable Power of Attorney?

A Durable Power of Attorney (DPOA) is a legal document that allows your agent or attorney-in-fact to enact broad authority for you so that they can assist you if you are alive but unable to act on your own behalf for any reason, and unable to make financial decisions for yourself.  It allows the person to conduct all financial transactions for you, including banking, signing checks, filing taxes, selling your property, as well as other scenarios that may arise. It is important to note that this document goes into effect immediately, and this power lapses at the time of your passing.