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Power of attorney is a written, legal authorization that allows another party to act on behalf of someone in various matters. These could be personal affairs, legal issues, or business matters. The person who is the agent or the attorney-in-fact does not have to actually be a lawyer. They simply must be a knowledgeable individual of sound mind and body in order to have legal authorization on someone else’s behalf.
A power of attorney document may be drafted for someone who is too ill to make decisions for themselves, disabled, or mentally ill. The power of attorney is typically granted to someone who is a family member, such as a spouse or child. The person who gains legal authority should understand and respect the party’s wishes so that they can properly make decisions regarding health care, finances, and more.
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