Durable Power of
Attorney
Financial
Matters
How Durable
Is a Durable Power of Attorney?
A durable power of
attorney generally ends upon your death. That means the
designated agent will not be allowed to wrap up your affairs
after death unless you appoint him or her to be the executor
in your will.
A durable power of
attorney also ends if:
- While you are mentally
competent, you choose to revoke the delegation of power.
- It is determined in a
court of law that you signed the authorization while you were
incompetent, subject to undue influence, or a victim of fraud. These
conditions generally render the power of attorney invalid.
- Your designated agent is
unavailable, and you have not named an alternate.
- You name your spouse as
your agent and subsequently get divorced, assuming you live in a state
where divorce automatically terminates a power of attorney.
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