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In this video, the types of power of attorneys in Oregon are explained, along with key considerations for creating one. A power of attorney (POA) is a document that legally appoints someone to make decisions on your behalf if you need assistance or become incapacitated. It's useful for managing financial or other matters temporarily, such as during vacations or hospital stays. The person granting authority is the principal, while the recipient is usually called the agent or attorney-in-fact, with alternative terms including representative, proxy, and surrogate. The video discusses different types of POAs based on duration, specifically focusing on durable power of attorney, which remains effective even if the principal becomes incapacitated.
