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Power of attorney (POA) is a legal authorization that gives a designated person, termed the agent or attorney-in-fact, the power to act for another person, known as the principal. The agent may be given broad or limited authority to make decisions about the principal's property, finances, investments, or medical care.

A legal and ethical analysis of advance directive overrides is provided as no court to date has awarded damages to plaintiffs who alleged their loved one suffered "wrongful life" following a successful life-prolonging intervention.

The POA cannot make decisions before the document comes into effect -- conditions will be outlined with approval of the Agent and Principal. The POA cannot be officially nominated unless the Principal is of sound body and mind. The POA cannot use the Principal's assets or money as their own.

While the principal can revoke power of attorney at any time, a third party may wish to challenge power of attorney when the principal is unable to themselves, due to mental degeneration or other health concerns.

While any new power of attorney should state that old powers of attorney are revoked, you should also put the revocation in writing. The revocation should include your name, a statement that you are of sound mind, and your wish to revoke the power of attorney.

A power of attorney allows one person to give legal authority to another person to act on their behalf. A financial power of attorney authorizes an individual to make financial decisions, while a medical power of attorney allows for someone to make medical decisions.

Can a Power of Attorney Agent Spend Money on Themselves? The short answer is no. When you appoint an agent, you control the type of financial activities they can carry out on your behalf. A power of attorney holder cannot transfer money to spend on themselves without express authorization.