Durable POA

One of the most powerful tools for managing your affairs should you become mentally incapacitated is a durable power of attorney (DPOA). Understand the legal powers and responsibilities of assigning and holding POA.

Power of attorney (POA) documents are an important part of a person's legal plans. The way a POA is written determines when it goes into effect and specifies what powers the agent holds.

In order to make most decisions on an aging loved one's behalf, you must be given the legal power to do so. A durable power of attorney is a document your relative executes that gives you specific legal powers to act on his or her behalf.

Power of attorney documents allow caregivers to access personal information and make vital decisions for elderly loved ones, but some institutions require additional forms. See what other authorizations you may need to get.