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In this video, Bill O'Leary discusses the relationship between a power of attorney and a health care proxy. He aims to clarify three main points: first, the definitions of a health care proxy and a power of attorney; second, the differences between the two; and third, how they may conflict or compete. O'Leary, from Legacy Planning Law Group in Jacksonville, emphasizes that although both terms are often used interchangeably in estate planning, they serve distinct purposes. A health care proxy allows someone to make medical decisions on your behalf, while a power of attorney enables someone to handle financial matters.