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Power of Attorney

What is a Financial Power of Attorney?

A Financial Power of Attorney (FPOA) is a legal document that grants an individual, known as the "agent" or "attorney-in-fact," the authority to manage financial and legal matters on behalf of another person, referred to as the "principal." This type of power of attorney is specifically focused on financial affairs and does not cover personal or healthcare decisions. It is a crucial component of estate planning, providing a mechanism for someone to handle financial transactions and make financial decisions if the principal is unable to do so.

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