What is the purpose of a durable power of attorney according to Arizona law?

The purpose of a durable power of attorney according to Arizona law is to allow one person to act on behalf of another in legal matters. This legal document grants the appointed individual, known as the agent or attorney-in-fact, the authority to make decisions and take actions regarding the principal's affairs when they are unable to do so themselves. This can include financial transactions, managing property, and handling other legal issues, making it a critical tool for ensuring that someone's needs and preferences are met in situations where they may be incapacitated or otherwise unable to communicate their wishes.

The other options listed focus on narrower or different functions. Appointing a guardian for a minor child generally falls under guardianship or custody laws rather than powers of attorney. Managing real estate transactions exclusively does not encompass the broader scope of authority that a durable power of attorney provides. Lastly, while a durable power of attorney can be used for healthcare decisions, it is distinct from a living will, which specifically outlines an individual’s wishes regarding medical treatment in end-of-life situations. Thus, the selected answer accurately reflects the comprehensive legal authority designated by a durable power of attorney in Arizona.