A power of attorney (POA) is a written authorization to act on another's behalf in private affairs, business, or some other legal matter. The person authorizing the other to act is the principal, grantor, of the power. The one authorized to act is the agent or attorney or, in some common law jurisdictions, the attorney-in-fact. Formerly, a power referred to an instrument under seal while a letter was an instrument under hand, but today both are signed by the donor, and therefore there is no difference between the two.
There are multiple types of decisions that the attorney-in-fact can be given the power to make, including the power to:
There are multiple types of decisions that the attorney-in-fact can be given the power to make, including the power to:
- Make financial decisions
- Make gifts of money
- Make health care decisions, including the ability to consent to giving, withholding, or stopping medical treatments, services, or diagnostic procedures. (Note: your loved one can also make a separate “health care power of attorney” to give only this power to an individual.)
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