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A general power of attorney is a document allowing one person (the agent) to conduct business or make decisions on behalf of another (the principal). Also known as financial powers of attorney, they are useful for individuals who may be traveling or otherwise unavailable during time-sensitive matters. Even those available can benefit from designating someone with more expertise to make critical financial decisions. The process involves the principal designating the agent, who can be anyone, not necessarily a lawyer. This guide will explore when a general power of attorney is needed and key considerations for creating one.