Article by Attorney Jeremy Howe about “Durable Power of Attorney” featured in the monthly Elderlaw E-Newsletter, Elder Law News.
When you sign a “Durable Power of Attorney” document, you name an “Attorney in Fact”, to act on your behalf in all financial matters. This power endures even if you become incapacitated, disabled or incompetent. However, many people do not realize that once you die, your Durable Power of Attorney is no longer valid. In other words, it dies when you die.