Q.What is Non-Durable Power Of Attorney?
A.A Nondurable Power of Attorney can be general or limited, but in either case the authority granted by the principal to the attorney-in-fact ends if the principal becomes incapacitated. A non-durable power of attorney is typically used for a specific transaction, like the closing on the sale of residence, cashing or depositing a check, or handling the principal's financial affairs while the principal is on vacation. When limited in time or scope, or both, it is called a non-durable special ("limited") power of attorney since it is meant to be limited in time and to specific tasks.
|
|