What is a Durable Power of Attorney for Property Matters?
Whereas the Georgia Advance Directive for Healthcare addresses decisions regarding our person, the durable power of attorney for property management generally allows our agent to make decisions involving our finances. The breadth of authority granted in a durable power of attorney for property management can be great or quite limited depending on the principal¿s underlying goals. For example, a broad durable power of attorney for property management might include authority to conduct business involving real estate, bank and securities accounts, insurance, taxes and just about anything else imaginable. On the other hand, a limited durable power of attorney for property management can be drafted to cover just a single transaction such as the authority to conduct a closing on the sale of the family home. Similar to the durable power of attorney for health care, the agent under a durable power of attorney for property management cannot force decisions on the principal. Rather, so long as t
