What is a durable financial power of attorney?
In Maryland, a competent adult may appoint a person to manage and control his/ her assets during life. By creating a durable power of attorney, the grantor can direct that the appointee (known as the attorney-in-fact) will continue to maintain control over his/ her assets during any period of incapacity. A valid durable power of attorney may prevent the inconvenience and expense associated with having to petition the court for a guardianship in the event you become incapacitated.
