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Power of attorney forms allow for a person (Referred to as the ‘Principal’) to choose someone else (Referred to as the ‘Agent’ or ‘Attorney in Fact’) to handle any type of financial or medical related decision on his or her behalf. All activity that is done must be in the principal’s favor, otherwise known as a fiduciary duty.
There are six (6) major types of power of attorney forms that are used;
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