What Is a Power of Attorney
A Power of Attorney (POA) is a legal document that grants someone else — called an agent or attorney-in-fact — the authority to act on your behalf.This authority can cover financial, legal, or even health-related matters, depending on the type of POA.In many cases, a durable power of attorney continues to work even if you become incapacitated.
Why You Need One
Life is unpredictable: accidents or illness can render you unable to make decisions. With a POA in place, someone you trust can legally manage your affairs.
Without a POA, your family may have to apply for a court‑appointed guardian, which can be costly and stressful.
It also helps in seamless decision-making for important matters — be it finances, business, or health — when you’re unavailable.
Types of Power of Attorney
General POA: gives broad authority for financial and legal tasks.
Limited or Special POA: only for specific tasks or time periods.
Durable POA: remains valid even if you become mentally or physically incapacitated.
Healthcare / Medical POA: appoints someone to make medical decisions in case you are not able to.
Springing POA: becomes effective only after a specific event, often incapacitation.