Durable Power of Attorney

Durable Power of Attorney
A Durable Power of Attorney (DPOA) is a legal document that allows an individual to act as an agent on behalf of the principal, even in the event of subsequent incapacity or disability of the principal.
Springing Power of Attorney
A specialized form of power of attorney that remains inactive until a specified event occurs, such as the incapacity or disability of the principal, at which point it becomes effective.

Accounting Terms Lexicon

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