Durable Power of Attorney
A Durable Power of Attorney is used for disability planning. This document appoints an agent who can act on your behalf with regard to financial matters. If you become ill and are unable to make decisions, your agent can access your bank account, deal with your mortgage company, and help guide your financial affairs until you recover.
Should you recover from your incapacitation, you will resume control over your assets. Note that the Durable Power of Attorney does not authorize your agent to make decisions regarding your healthcare—that power is covered by the Healthcare Proxy, also included in your Legacy Trust & Wills plan.