General Durable Power of Attorney

This is a portion of a class I taught to estate planning attorneys and bankers. (edited for your use)  

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A durable power of attorney may be one of the most important tools that you can have for your care and protection. Many of us (and more of us as time goes by) will reach advanced age and suffer the diminution of facilities and the onset of illness and disease. One result of our longer lives is that we will longer live with illnesses and diminished capacity. One can reasonably expect that we will, therefore, have a greater need for assistance during these months or years that our life is extended by the marvels of modern medicine.

There is an important difference between a durable power of attorney and a power of attorney that is not durable. As a short refresher, a power of attorney that does not particularly state that it will continue in full force and effect during incapacity of the grantor, does not remain in effect. My clients sometimes find that to be counterintuitive but this rule arose many years ago and the courts believed that a grantor needed to stay alert and protect himself or herself from the person holding the power, and if he or she were incapacitated they could not so protect themselves and so the power must lapse.

In the Oklahoma statutes you can find a form for a power of attorney. Like so many things drafted by a committee, it is easily criticized, but is likely to meet the needs of most Oklahoma residents.  I would suggest that the statutory format has some distinct advantages. First, our courts generally try to construe statutes in such a way as to find them enforceable, and there is no such deference given to my own drafting. Second, this form is widely used and therefore widely recognized by the parties to whom you can expect to offer it.

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