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There are "Nondurable ," "Durable," and "Springing" Power of Attorney. "A "Nondurable" Power of Attorney takes effect immediately. It remains in effect until it is revoked by the Principal, or until the Principal becomes mentally incompetent or dies.A "Nondurable" Power of Attorney is often used for a specific transaction, like the closing on the sale of residence, or the handling of the Principal's Financial affairs while the Principal is traveling outside of the country.A "Durable" Power of Attorney enables the Agent to act for the Principal even after the Principal is not mentally competent Click here to read the rest of this article ...
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