A durable power of attorney for assets is used when one person wishes to give another person the authority to act on behalf of the principal person. The powers granted can be limited to certain cases or for a particular purpose, or they can extend to cover most or all of the principle’s property, personal care, health care, or anything else.
A power of attorney can be durable or nondurable, meaning the power of attorney can be made to cease when the principal becomes incapacitated, or can be made to continue even after the principal is incapacitated.
An “attorney-in-fact” is the name of the person granted the authority to act on behalf of the principal.
If you are in the Santa Clarita Valley or Los Angeles and are considering an estate planning package that consists of a will, living trust, or power of attorney, contact the Law Office of David Piotrowski today.