A Nevada durable power of attorney form is created for the purpose of appointing an individual to represent someone in their everyday financial and business affairs. Once this document is executed, the appointed attorney-in-fact will maintain control over the principal’s financial affairs even if the principal becomes incapacitated. Having a durable POA in place will provide a sense of security for the principal in that they won’t have to worry about their estate or business if they are one day unable to handle these matters themselves.
Due to the importance of the position, the principal should select an individual who will represent their best interests. The durable power of attorney can be revoked at any time, as long as the principal is mentally competent. Furthermore, if a spouse is appointed as attorney-in-fact and the couple divorces, the contract does not terminate.