A Power of Attorney is a written document in which a competent adult (a.k.a) the “principal”) appoints another competent adult (a.k.a. the “attorney-in-fact”) to act on the principal’s behalf.
In general, an attorney-in-fact may perform any legal function or task which the principal has a right to do. The powers may be:
- Very broad
- Very narrow
- Effective immediately
- Effective upon capacity
The term “durable” means that the power remains in force for the lifetime of the principal, even during incapacity of the principal.