What Is a Dual Power of Attorney?

When you are planning any complex legal procedure, or during the making of a will, you may come across the term dual power of attorney. This is not something that you are likely to find in everyday conversation, but it is a useful legal tool that can help you to place powers fairly into the hands of your relatives.

Sharing Power

Dual power of attorney means that two people, usually named directly in the document, have joint power over financial or health-care decisions. They operate this power on behalf of the individual, who is not able to exercise them for himself. It is common for members of the family, including spouses and children, to be given part of these roles, but they can also be combined with a professional to ensure that all decisions are for the best.

What does it Mean?

In practice, dual powers of attorney mean very little more than the ordinary powers of an attorney. They can manage properties, enter into financial and legal contracts, and make payments from the account over which they have power. Medical power of attorney allows the participants to negotiate health care. The only difference is that any legal or financial document must be signed by both parties before it is complete.

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