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A general power of attorney is a document allowing someone (the agent) to conduct business or make decisions on behalf of another person (the principal). Also known as a financial power of attorney, it is particularly useful for individuals who may be traveling or otherwise unavailable during time-sensitive matters. These documents can save time and empower more experienced individuals to make crucial financial decisions without needing direct consent or signatures. A general power of attorney involves the principal designating the agent, who may not necessarily be a lawyer, to act on their behalf.