POWERS OF ATTORNEY
Everyone is at risk of becoming incapacitated and not being able to manage his or her financial affairs. A power of attorney or POA allows a person, usually referred to as a principal, to name someone to manage his or her affairs.
1. “Durable” Power
To provide for a potential disability, a person executes a durable power of attorney. A durable power of attorney has language that causes it to continue in effect even when the principal becomes disabled. Also, under Texas and most other states’ laws, a notary public must acknowledge the principal’s signature. The usual POA is no longer effective when the principal becomes disabled.