All About The Powerful "Power of Attorney"
I wanted to share this good explanation of the Power of Attorney - what it can do, who you should choose, and why you should have one in place. Power of attorney: When you need one By Kimberly Rotter January 30, 2018 A power of attorney (POA) is a legal document in which the principal (you) designates another person (called the agent or attorney-in-fact ) to act on your behalf to make decisions in specified matters or in all matters. It can also refer to the individual designated to act in this way. Special circumstances may trigger the need for a POA for any person over the age of 18. For example, military personnel may create a POA before they deploy overseas, leaving behind their families, so that someone can act on their behalf should they become incapacitated. Incapacity isn't the only reason you might need a POA, though. Younger people who travel a great deal might set up a POA so that someone could handle their affairs, especially if they have no spouse to...