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A power of attorney (POA) is a legal document that grants someone, known as an "agent" or "attorney-in-fact," the authority to act on behalf of another person, known as the "principal." The principal delegates specific powers to the agent, allowing them to make decisions and take actions on matters outlined in the document. The scope of these powers can vary widely based on the language and terms specified in the power of attorney document.
Creating a power of attorney involves specific legal requirements and varies by jurisdiction. It's important for both the principal and the agent to fully understand the responsibilities and limitations outlined in the document. In some cases, legal advice may be sought to ensure that the power of attorney accurately reflects the principal's intentions and complies with applicable laws.