A Power of Attorney (POA) is a legal document that authorizes a person, known as the “principal” or “grantor,” to grant someone else, known as the “agent” or “attorney-in-fact,” the authority to act on their behalf in legal, financial, or personal matters.
The principal grants specific powers and responsibilities to the agent through the POA document, allowing the agent to make decisions, sign documents, enter into contracts, manage finances, or handle other specified tasks on behalf of the principal.
The powers granted in a POA can be broad or limited, depending on the specific terms outlined in the document. A POA can be temporary or enduring, depending on whether it remains valid if the principal becomes incapacitated.