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2 posts tagged Incapacity Planning, newest first.
A power of attorney is a legal document that lets you name a trusted person, called your agent or attorney-in-fact, to make financial or medical decisions for you. You create one by choosing an agent, completing a state-compliant form, and signing it, usually before a notary or witnesses.
A power of attorney is the document that lets someone else act for you, and the differences between general, durable, springing, and limited POAs are the difference between a tool that protects you and one that exposes you. Here is a plain-English breakdown of each type and how to pick the right one.