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A critical part of estate and emergency planning involves powers of attorney (POA), allowing someone to act on your behalf. The two common types are durable financial and medical powers of attorney. This video outlines essential terms to know before signing any POA form, compares durable and medical powers, and emphasizes the importance of having both. Key terms include: - **Power of Attorney**: A document granting decision-making authority to another.- **Principal**: The individual delegating their decision-making powers.- **Agent**: The trusted person managing affairs for the principal.- **Incapacitation**: When the principal can no longer make decisions.- **Durable Power**: Powers that remain in effect even after the principal is incapacitated.