Seattle, WA estates & probate attorney Mercedes C. Vargas Aguirre explains what a durable power of attorney (DPOA) is and who should have one. She mentions that a durable power of attorney is a document that allows a trusted individual to handle either financial or health care matters on someone’s behalf. It can take effect immediately—enabling the designated person to manage affairs right away—or it can become effective only after incapacity, once a doctor provides documentation that the individual can no longer manage their own matters.

She highlights that a financial power of attorney is particularly important because it authorizes the trusted agent to perform tasks such as going to the bank, paying rent or a mortgage, and ensuring taxes are filed. Over time, it can also become crucial for long-term planning. If drafted with the right provisions, the document allows the agent to make necessary financial transfers to help the individual qualify for Medicaid, while also working to protect assets for future generations.