A power of attorney (POA) is a legally binding document that allows you to appoint someone to manage your property, medical, or financial affairs. Although it can be uncomfortable to think about needing it, a POA is an important part of your estate plan.

A POA is typically used in the event that you become unable to manage your own affairs. Each type gives your attorney-in-fact—the person who will make decisions for you—a different level of control. Some POAs take effect immediately after they're signed, and others only kick in after you're incapacitated.

To make your POA legally binding, sign and execute your document according to the laws of your state. This usually involves having it notarized.

Durable/Non-Durable POA
Springing POA
General POA
Limited POA
Specific POAs: Medical, Financial, Military