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A general power of attorney (GPOA) is a legal document that allows one person, known as the principal, to grant another person, called the agent or attorney-in-fact, the authority to make decisions or conduct business on their behalf. GPOAs are particularly beneficial for individuals who are traveling or unavailable to handle time-sensitive matters. Even when available, they can save time by empowering individuals with more expertise to make important financial decisions that typically require the principal's consent. It's important to understand how GPOAs work and consider the necessary factors when creating one.