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A general power of attorney is a legal document that allows one person (the principal) to authorize another (the agent) to manage business affairs or make decisions on their behalf. This can be especially useful for individuals who are traveling or unavailable when urgent business matters arise. General powers of attorney, also known as financial powers of attorney, enable experienced individuals to make important financial decisions that typically require the principal's consent or signature. It's important to understand how these documents function and what considerations are involved in creating one. The agent designated by the principal does not need to be a lawyer and can be referred to as an attorney in fact.