Power of Attorney and Durable Power of Attorney
A Power of Attorney is a written document that allows you (the “principal”) to appoint another person that you trust (the “agent”) to act on your behalf. The “power” that you choose to give can be very narrow (for example, to sell a car) or it can be very broad to include buying and selling your property, making contracts on your behalf, making gifts, etc. A regular power of attorney is good only as long as you are capable of handling your affairs. However, a durable power of attorney document will remain effective even if you become incapacitated. Both the power of attorney and the durable power of attorney are created using specific language according to State law and are permitted in Virginia.