Understanding Durable Power of Attorney in South Carolina: Essential Insights
Key Takeaways:
A Durable Power of Attorney (DPOA) allows an agent to make decisions on behalf of a principal even if the principal becomes incapacitated.
DPOA differs from a non-durable power of attorney, which is void upon the principal's incapacity.
Establishing a DPOA is crucial for managing finances, healthcare, and ensuring your wishes are respected during incapacity.
Choosing a trustworthy and competent agent is essential; they should understand your values and be capable of making tough decisions.
Common mistakes when drafting a DPOA include vague terms, lack of witnessing or notarization, and using generic templates.
Financial powers can include banking, investments, and contracts, but limits should be specified to prevent misuse.
Separately document medical ...