When you create a power of attorney (POA), you create a legal document giving someone the legal authority to make decisions and act on your behalf.
Many people incorporate this document as part of their “advance planning” or estate planning. By outlining the POA rights you want to assign and identifying the people (known as an “agent” or “attorney-in-fact”) to whom you wish to assign them before
you actually need to exercise the POA, you benefit in a couple of ways....