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This is a document that gives another person, the agent, authority to act on your behalf when you are unable to do so yourself. If you are rendered incapacitated or incompetent due to Alzheimer's, illness, or an accident, your agent named in the durable power of attorney can take care of paying your rent and other bills, sign a contract or deed to transfer property, or handle other important issues. Without a durable power of attorney, it's often required to go through a lengthy and expensive court procedur

Without a durable power of attorney, a conservatorship or guardianship petition may need to be filed in court. In the event a durable power of attorney hasn't been timely prepared, it is often necessary for caregivers to petition the court for conservatorship or guardianship of aging parents. Guardianship typically involves caring for the incapacitated person, called a ward, as well as their property, whereas conservatorship typically involves managing the ward's property and finances only. Guardianship or