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Agency • Termination of Principal-Agent Relationship
AG#022
Legal Definition
Death or incompetency generally terminates all authority of the agent without notice to either the agent or third parties, unless a durable power of attorney is in place.
Plain English Explanation
When you die, any authority you have granted to others to act on your behalf dies with you unless you have a specific type of legal agreement in place called a durable power of attorney, which grants authority to do things on your behalf even if you become incompetent.
