power of attorney

A power of attorney (POA) is a legal document that you sign giving a named individual(s) authority to help you with any and all matters (banking, check writing, investing, taxes, etc) while your mind is still in good mental status and you are capable of making decisions on your own. A POA can be limited to certain tasks, or broadly cover everything. A standard POA is no longer valid when the individual’s mental or physical capacity has worsened and they are no long capable of making these decisions themselves. All POA’s expire at named individual’s death.