A power of attorney is a legal document that authorizes someone to act on another person’s behalf in legal, financial, or medical situations.
The person who grants the power of attorney is known as the principal, and the person who receives the power is known as the agent or attorney-in-fact. The agent can make decisions and take actions on the principal’s behalf, such as signing contracts, managing finances, or making medical decisions.
Power of attorney can be granted for a specific period of time or can be durable, which means it remains in effect even if the principal becomes incapacitated. There are different types of power of attorney, including limited power of attorney, a general power of attorney, and medical power of attorney.
It is important to carefully consider the terms and conditions of a power of attorney agreement and to seek professional legal advice before granting or accepting power of attorney.
Power of Attorney
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