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Which of the following are correct statements regarding a durable power of attorney? (Check all that apply.)Multiple select question.It is no longer valid after the principal’s subsequent incapacity.It can be enacted preemptively by the principal.It can be enacted by the principal after he or she becomes incompetent.It becomes active only after a principal becomes incapacitated in any matter.

Question

Which of the following are correct statements regarding a durable power of attorney? (Check all that apply.)Multiple select question.It is no longer valid after the principal’s subsequent incapacity.It can be enacted preemptively by the principal.It can be enacted by the principal after he or she becomes incompetent.It becomes active only after a principal becomes incapacitated in any matter.

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Solution

The correct statements regarding a durable power of attorney are:

  • It can be enacted preemptively by the principal.
  • It becomes active only after a principal becomes incapacitated in any matter.

A durable power of attorney is no longer valid after the principal’s subsequent incapacity is incorrect because the main purpose of a durable power of attorney is to remain valid even if the principal becomes incapacitated.

It can be enacted by the principal after he or she becomes incompetent is also incorrect because once a person is deemed incompetent, they no longer have the legal capacity to create a power of attorney.

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Similar Questions

Which of the following are correct statements regarding a durable power of attorney? (Check all that apply.)

Which of the following is correct regarding a durable power of attorney?Multiple choice question.It is also known as a special power of attorney.It is also known as a general power of attorney.It specifies that the agent's authority ends on the principal's death or incapacitation.It specifies that the agent's authority is intended to continue beyond the principal's incapacitation.

Which of the following is correct regarding a special power of attorney?Multiple choice question.It grants the agent express authority over specifically outlined acts.It allows the agent to conduct all business for the principal.It seldom terminates on the principal's death.It specifies that the agent's authority is intended to continue beyond the principal's incapacitation.

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