Durable Powers of Attorney
Old style powers of attorney used to become invalid upon the incapacity of the principal. Modern powers of attorney are referred to as “durable” because they continue to be in effect even after the principal has become incapacitated.
Durable powers of attorney allow you to select from a menu of options that give your agent the authority to advocate for you with medical service providers, bureaucratic entities, and financial institutions. Your grant of authority helps prevent a stranger from making important decisions for you or that no decision is made because no one with authority is available.
Also sometimes known as a “Living Will”, this document states some of the medical treatment preferences of an individual who has lost the capacity to make their own decisions and grants authority to another person to make decisions in the absence of a clearly written directive, and in spite of what a doctor may advise. Thanks to Nevada law (Nevada Revised Statutes 449) this form is very flexible, easy to complete, execute and revise. So long as the original, or a clear and complete copy is presented, health care professionals will honor this form.
This form is also “durable” in nature, and the result of a Nevada statute, so it is as broadly accepted as the Health Care version. Sometimes called a Durable Power of Attorney for Estate Management, this form gives the nominee the authority to conduct the financial affairs of the one granting authority. By statute this form, when properly prepared and presented, must be accepted by all Nevada financial institutions.