A Durable Power of Attorney (DPOA) is a legal document that allows you to appoint someone to act on your behalf and make decisions for you in case you become unable to do so.
The “durable” aspect of the power of attorney means that it remains in effect even if you become:
- incapacitated or
- mentally incompetent.
The person you appoint as your agent or attorney-in-fact will have the authority to make decisions related to your financial affairs, property, and other legal matters. This may include paying bills, managing investments, filing tax returns, and making decisions about medical care.
It is important to choose someone you trust to act as your agent, as they will have a significant amount of power and responsibility.
This expression “durable power of attorney” is commonplace in many jurisdictions other than Ontario.
Brian Madigan LL.B., Broker