What is a power of attorney, and why might you need one? A power of attorney (POA) is a legal document that grants someone you trust the authority to act on your behalf in specific situations. The powers you give them can be as limited or as broad as you choose. For instance, you can create a limited power of attorney if you need someone to sign documents on your behalf while you’re out of the country, like closing on a house. In this case, the person you designate—such as a parent—can only sign for that specific transaction. Alternatively, a general power of attorney allows someone to manage various aspects of your life, such as real estate, banking, or other financial matters. The powers granted are outlined in the document, so the person you choose won’t have unrestricted control—only the authority you’ve specifically given them. Depending on your state, a power of attorney can either go into effect immediately upon signing or only when you become incapacitated, meaning you’re unable to make decisions or act for yourself. In the latter case, the person acting as your agent steps in to manage your affairs according to your wishes.

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