What is a Durable Power of Attorney and when do I need one?

A Durable Power of Attorney allows you to appoint someone you know and trust to make your personal financial decisions even when you cannot. Without a valid power of attorney, if you are incapacitated, then you and your family will be involved in a proceeding known as a guardianship. This is the court proceeding where a judge determines who should make these decisions for you under the ongoing supervision of the court.