Power of Attorney is a legal authorization that allows one person to make legal decisions and act for another party. There are many different situations when granting power of attorney to someone you love and trust is in your best interest.

There are two types of power of attorney, general and specific. General power of attorney authorizes the other person to act as legal representative in financial matters for an undefined period of time and undefined scope. A specific power limits or restricts the power to a single transaction or type of transactions.