Durable Power of Attorney
Durable Power of Attorney for Asset Management
This power of attorney is “durable” in that the persons to whom it is given can continue to fund your living trust even if you are disabled and unable to do so. Unlike a general power of attorney, your durable special power of attorney will survive your disability.
It is “special” in that it gives its holder only the right to put your property into your living trust and or control property not in the trust for your benefit. The holder cannot use this power of attorney for any other purpose.
Durable special power of attorney is often given to close family members and trusted advisors. This is done so that you can be assured that someone will be available on short notice to fund your trust in the event of a medical emergency.
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