A Statutory Durable Power of Attorney, authorized under Texas Estates Code Chapter 751, allows you to appoint a trusted individual to manage your financial aff airs if you become incapacitated or otherwise unable to act. This authority enables your agent to handle banking, pay bills, manage investments, deal with real estate, and oversee other financial responsibilities with continuity and care. By putting this document in place, you ensure that someone you trust can step in immediately, avoiding the delay, expense, and loss of autonomy associated with a court-ordered guardianship.