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In this video, estate planning attorney Paul Rabelais discusses the concept of power of attorney (POA), highlighting its importance and common misunderstandings. He outlines ten critical points regarding POA, beneficial for both those creating one and those appointed under someone else's POA. Rabelais defines a power of attorney as a legal document that grants another individual the authority to act on your behalf in legal matters. He emphasizes the necessity of understanding these definitions and prepares the viewer to delve deeper into the details surrounding power of attorney.