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A critical aspect of estate and emergency planning is establishing powers of attorney (POA), which allow someone to act on your behalf in specific matters. The two primary types are durable financial and medical powers of attorney. This video tutorial outlines essential terms to understand before signing a POA form, compares durable and medical powers, and emphasizes the necessity of having both. Key terms include: - **Power of Attorney**: A document allowing someone to make decisions for you.- **Principal**: The individual granting decision-making authority.- **Agent (Attorney in fact)**: The trusted person managing affairs, often a family member.- **Incapacitation**: When the principal cannot make decisions.- **Durable**: Powers that remain in effect even after the principal becomes incapacitated.