What is a Durable Power of Attorney for Property Management?
A durable power of attorney for property management authorizes and appoints a property manager to manage your propertysuch as bank accounts, investments, and homeat any time that you are unable to manage your property yourself. This property manager is called an agent or attorney-in-fact. Your durable power of attorney can be written to require that one or two doctors must certify that you are substantially unable to manage your financial affairs before your agent can take over the management of your property or it can be written to take effect immediately. If your durable power of attorney takes effect immediately, it means that either you or your property manager could manage your assets at any time.
