A regular Power of Attorney (POA) arrangement comes into effect if the person becomes mentally incapacitated, as assessed by two physicians. Enduring POAs come into affect at the time they are signed and delivered to the intended recipient(s) and remain in effect even if the person becomes mentally incapacitated.
An enduring POA can apply to financial and medical matters, and is used to plan for declining health or cognitive capacity, emergencies, or other situations where the person can no longer make decisions for themselves. Whether you choose a regular POA or an enduring POA, typically your designate will be able to manage all of your property and finances, bill payments and real estate decisions, as though they were you.
Note: The information in this blog is not legal advice. Consult a lawyer for advice for your situation.