A legal document that grants someone (typically called the “attorney”) the authority to make financial and legal decisions on behalf of another person (the “principal”). The principal must be mentally capable at the time they sign a Power of Attorney for it to be valid. Often the attorney is a trusted friend or family member. It’s important to note that only an “enduring” or “continuing” Power of Attorney remains in effect if the person who signed it loses the mental capacity to make reasonable decisions about their property or finances.
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