SIE Exam Question 1037: Answer and Explanation

Question: 1037

Which of the following is/are correct regarding durable powers of attorney?

(1) A durable power of attorney survives the death of the principal.

(2) A durable power of attorney survives disability of both the principal and the agent.

• A. (1) only
• B. (2) only
• C. Both (1) and (2) are correct.
• D. Neither (1) or (2) are correct.

Correct Answer: D

Explanation:

A durable power of attorney does not survive the death of a principal or the disability of an agent.