Power of Attorney Durable Provision
I am filling out a power of attorney form that I purchased at Staples, a ”general power of attorney” from ”Made EZ Products”.
One of the ”areas of authority” reads as follows, with a box for my initials that represents granting of this area of authority to the attorney-in-fact:
(P) If the blank space in the block to the left is initiated by the Grantor, this power of attorney shall not be affected by the subsequent disability or incompetence of the Grantor.
I would like to understand the implications of granting vs. not granting this area of authority to my stated attorney-in-fact. Basically, what does this mean, in laymans terms?