A power of attorney (POA) is a legal document that grants someone, known as the agent or attorney-in-fact, the authority to make decisions and act on behalf of another person, known as the principal. This authority can extend to various aspects of the principal’s life, including financial, legal, and healthcare matters. In healthcare, a healthcare power of attorney allows the agent to make medical decisions for the principal if they become incapacitated or unable to communicate their wishes. Similarly, a financial power of attorney authorizes the agent to manage the principal’s financial affairs, such as paying bills, managing investments, or selling property, if the principal is unable to do so themselves. Power of attorney documents are essential for ensuring that someone trustworthy can make decisions on behalf of an individual if they are unable to do so themselves due to illness, injury, or other circumstances.
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