What is the purpose of a power of attorney?

The purpose of a power of attorney is to confer the right of one individual to act on behalf of another. This legal document allows the principal— the person granting the power— to designate an agent to make decisions and take actions on their behalf. This can encompass a range of functions, including managing financial matters, making healthcare decisions, or handling other personal affairs, depending on the specific terms outlined in the power of attorney.

This arrangement is crucial in situations where the principal is unable to manage their affairs due to absence, illness, or other reasons, thus ensuring that their interests are represented and decisions can still be made in their absence. The power of attorney provides a clear and legal way for the agent to represent the principal's wishes, making it a vital tool in legal and personal planning.