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Power of Attorney

Power of Attorney

Power of Attorney is a legal instrument that is used to delegate legal authority to another person (called an Agent or Attorney-in-Fact). The person who signs (or executes) a Power of Attorney is called the Principal. Power of Attorney gives the Agent authority to make property, financial and other legal decisions for the Principal. A Principal can give an Agent broad legal authority, or very limited authority.

The Power of Attorney is frequently used in the event of a Principal‚Äôs illness or disability, or in legal transactions where the Principal cannot be present to sign necessary legal documents. It can be either for all purposes (known as ‚ÄúGeneral‚ÄĚ) or for a specific purpose (known as ‚ÄúSpecial‚ÄĚ or ‚ÄúLimited‚ÄĚ).