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Power of Attorney vs. Last Will

DEFINITION

A crucial distinction in planning. A Last Will only takes effect after death and often requires months of bureaucratic processing (probate/Erbschein). A Power of Attorney (Vorsorgevollmacht) can take effect immediately (e.g., in case of coma or dementia) and continues past death („transmortal“). It allows the trusted person to act instantly without waiting for a court order.

German Equivalent: Vorsorgevollmacht vs. Testament

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