In its most basic form, a power of attorney, or POA, is a legal document that gives another person the authority to make decisions on your behalf should you become unable to do so. This individual ...

Designating a power of attorney will protect your interests. A durable power of attorney gives someone you designate, known as your agent, the authority to make decisions if you become incapacitated.

Bob Carlson researches all facets of retirement finances. A power of attorney (POA) is essential to every estate plan. Under the POA an agent (or more than one agent) is appointed to act on the ...