A Power of Attorney (POA) is a fundamental legal instrument that grants an appointed agent the authority to act on behalf of the principal in matters specified within the document. It can empower the agent to handle financial transactions, manage property, or make healthcare decisions, ensuring the principal's affairs are conducted seamlessly even during absence or incapacity.
Tailored to the principal's unique needs, a POA can be broad or narrowly defined, durable to endure incapacitation, or temporary for a specific purpose. This document eliminates uncertainty and safeguards the principal’s interests by clearly delineating the agent's authority. When properly drafted and executed, a POA becomes a cornerstone of effective legal, financial, and estate planning.