A type of Power of Attorney
that is effective both while a person is completely competent to manage their own finances and also after the person is determined to be mentally incapacitated. Contrast this with a Springing Power of Attorney
, which becomes effective only after a person has been declared mentally incompentent. The person named to act on your behalf in a Power of Attorney is called your "Attorney in Fact."
Other Terms Beginning With D
Also Known As: Financial Power of Attorney, Power of Attorney