A “power of attorney” is a legal instrument which grants another person the authority to act as your legal representative, and to make binding legal and financial decisions on your behalf.
While it is not particularly difficult to find power of attorney forms on the Internet, there is usually little to no accompanying explanation of what a power of attorney is, when you need one, or what type to choose. Given that the power of attorney can grant considerable power to a third party to act on your behalf and sign your name to legal contracts, you should give careful consideration to the person whom you choose to grant as power of attorney. More importantly, the scope of power and whether time limits should be imposed
Also, it may be necessary to designate someone (your agent or attorneys-in-fact) to make medical decisions for you. This is known as an Advanced Health Care Directive, which is essentially a power of attorney for health care matters.
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