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What is an Durable Power of Attorney?
A Durable Power of Attorney is signed by you during your lifetime and gives power to an individual that you name to act on your behalf for financial purposes. It is effective only upon your being declared by a doctor to be incapable of managing your finances. It is important to have a Durable Power of Attorney especially if you are single, widowed or divorced so that someone can write checks on your checking account, take money out of your savings account or otherwise sell your assets to pay your bills and to obtain and pay for your medical care and the needs of your family.
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