Durable Power of Attorney
Definition - What does Durable Power of Attorney mean?
Durable power of attorney refers to the legal authorization one party gives to another to make important decisions for them. These often include decisions regarding Medicare and other health insurance issues.
Insuranceopedia explains Durable Power of Attorney
Durable power of attorney is different from regular power of attorney because it remains in effect even if a person becomes incapable of making decisions for themselves. For example, if someone is afflicted by a disease that causes dementia, an agent with durable power of attorney could continue to make legal decisions on their behalf.
Durable power of attorney is frequently given by the elderly to members of their family. It is important to set it up before the grantor becomes incapacitated, if possible.
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