DISCLAIMER: This In Brief section offers a series of business, real estate, employment, estate planning and tax bulletins prepared by the attorneys at Fauver, Large, Archbald & Spray, LLP. This is not exhaustive, nor is it legal advice. You should discuss your particular situation with us or with your own attorney. Our legal representation is only undertaken through a written engagement letter and not by the distribution or use of this information.
Q: What is a power of attorney?
A power of attorney is a legal document that identifies an individual to legal decisions on behalf of another. The extent to how much authority is given is defined within this document. The individual appointing the legal authority is referred to as the “principal” and the person granted authority is referred to as the “agent” or “attorney-in-fact.” POAs may be used for those with medical conditions or limited mental capacity. There are varying types of POAs so consulting with an attorney before entering into one is recommended.
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