Power of Attorney
A Power of Attorney allows the principal to appoint a person to act as their agent and make decisions on their behalf. These decisions may involve real property, bank accounts, credit cards, partnership interests, and other financial and business areas.
Clients typically set up a Durable Power of Attorney so in the instance they, as the Principal, become incapacitated, whomever is appointed as their Agent can make decisions regarding assets, including financial or business decisions, on their behalf.