Power of attorney letter can be durable
Friday, February 17th, 2012There is beautiful concept of durable power of attorney practiced in some parts of the world these days. When power of attorney letter is durable then it authorizes the agent to perform on behalf of the principal under special circumstances.
The agent can save the life of principal when durable power of attorney authorizes him/her to act in cases of emergency. The agent usually is allowed to withdraw amounts, receive amounts and manage all other things that the principal manages in routine life.