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In this video tutorial, the concept and types of power of attorney (POA) in Oregon are explained. A power of attorney is a legal document that allows you to appoint someone else to make decisions on your behalf, especially if you need assistance or become unable to do so. This can be useful for managing financial or other matters temporarily, such as during vacations or hospital stays. The person granting authority is known as the principal, while the recipient is called the agent or attorney-in-fact. Alternative terms include representative, proxy, and surrogate. Types of POAs include a durable power of attorney, which remains effective even if you become incapacitated. In many states, a POA is presumed durable unless stated otherwise.
