A power of attorney form is a legal document that outlines a person’s intention of electing an “Agent” or “Attorney-in-Fact” to act in their place for financial, health, custody, or any specific matter. The person assigning the “power” is known as the “Principal”. The most popular form is known as a “Durable Power of Attorney” which is a form that handles financial matters with the form remaining legal if the Principal is not able to think for themselves. This is common with the elderly as it allows a family member or friend to take care of one’s business affairs (such as managing property, paying taxes, etc.).