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Power of Attorney (POA) is a legal document that allows an individual (the principal) to appoint another person or organization (the agent or attorney-in-fact) to handle certain health, legal and financial responsibilities on their behalf. The document typically comes into effect when the principal is unable to do so themselves due to illness or incapacity.
In simpler terms, a Power of Attorney is like giving someone trusted a VIP access pass to your life. It’s like saying, Hey, I trust you enough to let you make important decisions for me if I can’t do it myself because I’m sick or unable to. This person can pay your bills, sell your property, or even decide your medical treatment based on what you’ve agreed on.