Power of Attorney is a legal document in which one person (the principal) appoints another person (the agent) to assume certain responsibilities and make specific financial decisions for them. Instructions to the surrogate decision maker can be included in the document.
If the authority of the agent extends beyond the time the principal is competent, it is called durable power of attorney. It applies when the principal is not able to make decisions for themselves.
Power of Attorney for Health Care appoints the agent to make decisions related to health care.
Power of Attorney is a very important document that will be needed to access any and all financial accounts on behalf of their owner. This is necessary in the case where someone else needs to make decisions related to your care when you are unable. It should be completed well ahead of the time it is needed.
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