| Address: 41 University Drive Suite 400, Newtown, PA 18940 Phone: 267-573-1019 Toll free: 877-251-4393 Fax: 267-604-9164 mgarry@yardleyestate.net |
Durable Power of Attorney
A Durable Power of Attorney is a legal document by which someone designates another as his or her agent. The
authority conferred is called "durable" because it is exercisable even if the principal subsequently becomes disabled or
incapacitated. A principal may provide in the Power of Attorney that the power shall become effective at a specified
future time or upon the occurrence of a specified contingency, including the disability or incapacity of the principal.
In plain English, a Durable Power of Attorney is used to allow someone to manage your financial affairs for you in the
event you become unable to do so for yourself. You should only give one to someone you absolutely trust because that
person has the power to manage your financial affairs.
©2007-2012 Yardley Estate Planning, LLC. All rights reserved.
A Durable Power of Attorney is a legal document by which someone designates another as his or her agent. The
authority conferred is called "durable" because it is exercisable even if the principal subsequently becomes disabled or
incapacitated. A principal may provide in the Power of Attorney that the power shall become effective at a specified
future time or upon the occurrence of a specified contingency, including the disability or incapacity of the principal.
In plain English, a Durable Power of Attorney is used to allow someone to manage your financial affairs for you in the
event you become unable to do so for yourself. You should only give one to someone you absolutely trust because that
person has the power to manage your financial affairs.
©2007-2012 Yardley Estate Planning, LLC. All rights reserved.
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Michael J. Garry, CFP®, JD/MBA, owner of Yardley Estate Planning, LLC, is an
Estate Planning lawyer licensed in Pennsylvania and New Jersey whose practice
is based in Newtown, PA.
Estate Planning lawyer licensed in Pennsylvania and New Jersey whose practice
is based in Newtown, PA.