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Power of Attorney: A Legal Guide for Everyone
A Power of Attorney (POA) is a legal document that allows an individual (the principal) to appoint someone else (the agent or attorney-in-fact) to act on their behalf. The person granted this power can make decisions regarding financial, medical, or personal matters based on the type of POA in place. This document can be incredibly useful, especially in situations where the principal is unable to manage their affairs due to illness, incapacity, or absence. However, understanding the legal implications and the different types of POA is crucial to ensure that the principal’s wishes are respected.
