What does a Durable Power of Attorney allow in property transactions?

A Durable Power of Attorney is a legal document that grants one person the authority to act on behalf of another person in various matters, including property transactions. This empowerment is particularly significant when it comes to financial and legal decisions, as it allows the appointed agent to make decisions that the principal (the person granting the authority) may not be able to make due to incapacity or absence.

In the context of property transactions, the Durable Power of Attorney ensures that the agent can handle activities such as buying or selling real estate, signing documents, or managing property which exhibits the flexibility and scope intended by such a power. This is key in ensuring that property matters can be effectively managed even when the principal is unable to do so themselves.