Estate Planning6 min readFebruary 22, 2026
Power of Attorney Explained: Types and When You Need One
Plan for the unexpected with a power of attorney. Here are the types you should know.
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Power of Attorney Explained
A Power of Attorney (POA) is a legal document that gives someone authority to act on your behalf.
Types of Power of Attorney
General POA Broad powers for financial and legal matters.
Limited/Special POA Specific powers for particular transactions.
Durable POA Remains effective if you become incapacitated.
Healthcare POA Medical decisions when you cannot make them.
Financial POA Manage finances, pay bills, handle investments.
When You Need One
- Traveling - Someone to handle affairs
- Illness - Medical decisions
- Business - Real estate transactions
- Aging parents - Help managing finances
- Military deployment - Affairs at home
Choosing an Agent
Select someone who is: - Trustworthy and honest - Organized and responsible - Available when needed - Understands your wishes
Important Considerations
- 1POA ends at death
- 2Can be revoked anytime
- 3Must be signed while competent
- 4Consider successor agents
Create Your POA
Prepare your power of attorney document today.
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