A legal document giving one person (called an “agent”) the power to act for another person (the principal), to make legal decisions about the principal’s property, finance and healthcare. The power of attorney is frequently used in the event of a principal’s illness or disability, or when the principal can’t be present to sign necessary legal documents for financial transactions. Having a power of attorney, ensures that someone will look after your financial affairs and make healthcare decisions if you become incapacitated.
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