Only Attorneys Can Be Appointed as Durable Power of Attorney

question 13

True/False

Only attorneys can be appointed as durable power of attorney for health care.

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Definitions:

Market Value

The current price at which an asset or service can be bought or sold in an open market.

Depreciated Value

The reduced worth of an asset over time due to wear and tear, obsolescence, or market conditions.

Corporation

A legal entity that is distinct from its owners, offering limited liability and the ability to raise capital by selling shares.

Sole Proprietorship

A type of enterprise owned and operated by one person, where there is no legal distinction between the owner and the business operation.