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A durable power of attorney is an authorization by which a person (principal) designates another person as his or her “agent” in writing or “attorney-in-fact” to act on the principal’s behalf in a financial, business, or legal matter. According to the laws of the state of Alabama, a durable power of attorney must contain words that demonstrate the intent of the principal that the authority conferred on the attorney-in-fact or agent is exercisable notwithstanding the principal’s subsequent disability, incompetency, or incapacity. In other words, depending on the writing, a durable power of attorney either continues to remain valid after the principal becomes incapacitated or becomes effective after the principal becomes incapacitated.
To learn more about powers of attorney, contact our Foley estate planning lawyers online or call us at (251) 444-7000. Call now and schedule your free consultation!
Our estate attorneys recommend that, where a principal has modest assets that do not justify a trust or property management by a court-appointed conservator, a durable power of attorney provides for an inexpensive, flexible, and private method to appoint another person to make legal and financial decisions on behalf of the principal. If you are interested in learning more about a durable power of attorney, please call our Daphne estate planning lawyers for a free consultation, also serving Fairhope, Foley, and all of Alabama.
Backed by more than 25 years of combined legal experience, our attorneys can help you draft your powers of attorney in a timely and professional manner. We have a firm grasp of this area of law and can protect your rights and best interests throughout the legal process. With Caldwell Wenzel & Asthana, you can count on us for reliable and effective representation.
To set up your free consultation, please contact us today at (251) 444-7000.