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This video explains the types of power of attorney (POA) in Oregon and essential information for creating one. A power of attorney is a legal document that allows you to appoint someone to make decisions for you if you're unable to do so. It's useful for managing financial matters or other responsibilities temporarily, such as during a vacation or hospital stay. The person granting authority is known as the principal, while the person receiving authority is the agent or attorney-in-fact, with other titles like representative, proxy, or surrogate also applicable. Types of POA include a durable power of attorney, which remains effective even if the principal becomes incapacitated.