Durable financial POA
The most common type. Stays in effect even if the principal becomes incapacitated. Used to authorize an agent to handle banking, real estate, benefits, and tax matters. Often drafted alongside a revocable living trust as part of a complete estate plan. Often drafted alongside a revocable living trust as part of a complete estate plan.
- Typical document size: 6–15 pages
- Signing time: 20–30 minutes
- Principal must demonstrate awareness of who, what, and why
- Bank-ready — institutions almost always require notarization