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In this video, estate planning attorney Paul Rabale discusses eight common mistakes people make with their power of attorney. He notes the increasing relevance of this topic due to people living longer and often becoming incapacitated. Rabale emphasizes that establishing a power of attorney is not a simple process, as it involves complex considerations related to money, property, investments, and relationships. The intricacies arise from legal regulations and the policies of financial institutions and title companies, making it a potentially complicated issue within estate planning.