Related Definitions
What is a Power of Attorney?
A legal document that grants someone the authority to act on behalf of another person in financial or medical decisions, either while they are alive or incapacitated. It ends at the person’s death.
A legal document granting one person (the agent) the authority to act on behalf of another (the principal) in specific matters, typically related to financial or healthcare decisions. A power of attorney can be limited to certain activities or broad in scope, and it can be either durable (remaining in effect if the principal becomes incapacitated) or non-durable. The power of attorney typically expires upon the principal’s death, at which point the estate is handled through probate or trust administration.
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