Springing vs. Surviving Power of Attorney

Springing vs. Surviving Power of Attorney

Springing vs. surviving durable financial powers of attorney: what’s the difference? Which is better? A “springing” power of attorney becomes effective only when the signer becomes incapacitated — lawyers talk about it “springing” into existence. A “surviving” power is immediately effective, and survives even if the signer later becomes incapacitated. Which do you prefer? Join…