A power of attorney is a legal document that authorizes a person, known as an agent or attorney-in-fact, to act on behalf of another person, known as the principal. The agent is granted the authority to make decisions and take actions on the principal’s behalf, such as signing contracts, managing finances, and making healthcare decisions. A power of attorney can be used for a variety of reasons, such as when the principal is unable to make decisions due to illness or incapacity, or when the principal is unavailable or unable to manage their affairs themselves. It is important to choose an agent who is trustworthy and capable of handling the responsibilities of acting as a power of attorney.
It is important to note that a power of attorney can be tailored to meet the specific needs and desires of the person granting it. It is recommended to seek legal advice when creating a power of attorney to ensure it is legally valid and meets the individual’s needs.