What is a Power of Attorney?

A power of attorney is a legal document in which you name somebody else (agent or attorney-in-fact) to manage your legal and financial affairs for you.  You can limit the power or make it unlimited.  You can also set a time limit or other conditions which make the power of attorney inactive.

Your Last Will and Testament is not a power of attorney or a substitute for a power of attorney!

Why a Power of Attorney?