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A power of attorney is an instrument containing an authorization for one to act as the agent of the principal that terminates at some point in the future either by its terms or by operation of law.
There are different types of power of attorney i.e. general power attorney and special power attorney.
The agent can have broad legal authority or limited authority to make legal decisions about the principal’s property, finances or medical care. The power of attorney is used in the event where the principal is suffering from illness or disability, or when the principal can’t be present to sign necessary legal documents.
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