Two legal terms that we hear a lot are "power of attorney" and "durable power of attorney," but what is the difference between the two?
California residents who may be trying to figure out how they can find help managing their assets might consider the value of a power of attorney. From helping to pay bills and signing documents to handling larger financial affairs, appointing someone as an attorney-in-fact under a power of attorney can be of great assistance. A power of attorney is a legal document in which an individual designates another individual to represent him or her as the attorney-in-fact or agent. The individual executing or signing the document is the principal.