A durable power of attorney is a document that empowers another individual to carry on your financial affairs in the event you become disabled or incapacitated.
Without a Durable Power of Attorney, it may be necessary for one of your loved ones, including your spouse or adult child, to petition a court to be appointed conservator in order to make decisions for you when you are incapacitated. This conservatorship process is time consuming, expensive, often costing thousands of dollars and it can be emotionally draining for your family.