A Nebraska durable (financial) power of attorney is a legal form that appoints an attorney-in-fact to manage a person’s (principal) finances. The term “durable” means that even in the event of incapacitation, the attorney-in-fact remains in control of the principal’s finances. It is recommended to appoint someone who lives nearby to better manage one’s day-to-day affairs. This person should also be trustworthy and capable of handling the principal’s home and business finances. It’s important to note that if one’s spouse is selected as the attorney-in-fact, the agreement doesn’t terminate upon divorce. However, this agreement can be revoked at any time as long as the principal is mentally competent.
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