All of us are likely to create or act on a Power of Attorney (POA) at various times in our lives. Let’s talk about what Powers of Attorney do for us, and why they are important.
First, a Power of Attorney is a document that is created giving another person or persons legal authority to act on your behalf. When you create a POA, you are called the “Grantor” or “Principal,” and you control all of its terms. You can create a POA to fit any particular situation you wish. You may change the terms or cancel the POA at any time, as long as you remain of sound mind.