Power of Attorney documents are legal documents that allow an individual (the “principal”) to appoint another individual (the “agent” or “attorney-in-fact”) to act on their behalf in financial and legal matters. The agent is legally authorized to make decisions and take actions on behalf of the principal, such as signing documents, managing bank accounts, and making investments. The principal can specify the scope of the agent’s authority and can revoke the power of attorney at any time.
