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Power Of Attorney

Power Of Attorney

A Power of Attorney (POA) is a legal document that gives someone the authority to act on behalf of another person. This authority can be granted for a specific purpose, such as managing someone’s financial affairs, or for a general purpose, such as making all decisions on behalf of the other person. There are two types of powers of attorney: Durable Power of Attorney, Springing Power of Attorney . The person granting the power is known as the principal, and the person receiving the power is known as the attorney-in-fact or agent.  However, it’s important to carefully consider the implications of granting someone power of attorney and to choose an attorney-in-fact who is trustworthy and competent. It’s also recommended to consult a legal professional before preparing a Power of Attorney to ensure that all legal requirements are met and to avoid any potential legal issues in the future.

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