TeachMeFinance.com - explain DPA
Durable power of attorney. A document that gives a person (such as a relative, lawyer, or friend) the authority to make legal or financial decisions for another person. It may become active immediately, or when that person loses the ability to make decisions for himself or herself, depending on how it is written.
About the author
Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Source of definition: The National Cancer Institute. Please read the disclaimer for details.