Durable Powers of Attorney

A will only takes effect when you die.  What if you become ill and can no longer make personal or financial decisions for yourself?  A durable power of attorney (DPOA) is a legal document in which you name a person who you trust to manage your financial affairs if and when you become incapable of doing so yourself.  Both the document and the person that you name are called a “power of attorney.” If you have no power of attorney and become incapacitated,  a complete stranger – a judge – will decide who is going to manage your finances.  See Conservatorships.