General Legal Information

What You Should Know about Powers of Attorney

Q.: What is a power of attorney?

A.: A power of attorney is a document whereby an individual, known as the “principal,” appoints another individual, known as the “attorney-in-fact,” to make financial and business decisions for the principal. This should not be confused with a “durable health care power of attorney” that appoints another individual to make health care treatment decisions for a principal if the principal is unable to make his or her own decisions.

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