A power of attorney lets you appoint someone you trust to handle important financial and legal matters on your behalf either immediately or only if you are unable to make decisions for yourself.
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Your durable power of attorney can take effect as soon as you sign it in the presence of a notary public. Some states require that you sign the document in front of additional witnesses. When allowed under state law, you can also choose to sign a durable springing power of attorney, under which you appoint someone to act on your behalf only if you become incapacitated.
Yes. You can revoke (or rescind) your durable power of attorney at almost any time.
Generally, you can grant authority to make any or all of your financial decisions (e.g., those related to banking, accounts, insurance, taxes, real estate, etc.). You can choose which powers you want to grant, with one significant exception. You cannot authorize your attorney-in-fact to make changes to your last will.
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