Contingency planning: Difference between revisions

A power of attorney is an agreement between the principal and a trusted party (attorney in fact). The trusted party may act on the principal's behalf and does not need to be an attorney. Typically this agreement is only valid as long as the principal are alive and able to make decisions, but a durable power of attorney can maintain effect after the principal is unable to make their own decisions. Specifics on how and what power of attorney can do depends on the jurisdiction.<ref>https://www.law.cornell.edu/wex/power_of_attorney</ref>