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A general power of attorney is a legal document allowing someone to act on another person's behalf in business matters. Also known as a financial power of attorney, it is beneficial for individuals who are traveling or otherwise unavailable during time-sensitive situations. These powers can also save time by enabling knowledgeable agents to make critical financial decisions typically requiring the principal's consent or signature. The process involves the principal designating an agent, who can be anyone, not necessarily a lawyer, to handle their affairs. Understanding when to use a general power of attorney and the considerations for creating one is essential.