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A critical part of estate and emergency planning involves powers of attorney (POA), which allow someone to act on your behalf. The two common types are durable financial and medical powers of attorney. This video provides essential terms to understand before signing any POA form, compares durable and medical powers, and explains the necessity of having both. Key terms include: Power of Attorney – a document granting authority to make decisions for the principal; Principal – the individual granting powers; Agent (or Attorney in Fact) – the trusted person managing affairs; Incapacitation – when the principal cannot make decisions. Durable powers remain effective even after incapacitation.