A power of attorney is simply a legal document that gives you the right to name one or more individuals to step into your shoes and act on your behalf in certain pre-determined circumstances.
Two terms used in this document to describe the individuals affected are the principal (you), and the agents (others you delegate to act on your behalf). This document will give this agent (or agents) a very specific list of authorities and abilities to act on your behalf.
What are some of the common things that an agent does on a principal’s behalf? Here are a handful of the more common ones: Continue reading