A Durable Power of Attorney is a legal document that allows one person, known as the principal, to appoint another person, called the agent, to make decisions on their behalf. This authority can cover financial matters, healthcare decisions, or both. The term "durable" means that the power remains effective even if the principal becomes incapacitated or unable to make decisions. This document is important for ensuring that someone the principal trusts can manage their affairs when they are unable to do so. It is often used in situations involving aging, illness, or disability, providing peace of mind for both the principal and their loved ones.