When does a durable power of attorney for finances typically take effect?

When does a durable power of attorney for finances typically take effect?

• A. It appoints an agent to handle financial matters and typically takes effect upon incapacity or as defined in the document.
• B. It directly transfers all assets to an agent upon signing.
• C. It only applies after the grantor's death.
• D. It is the same as a healthcare directive.

Answer: (A)