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A general power of attorney grants someone authority to make financial decisions on behalf of an individual until their death or incapacity. Unlike a durable power of attorney, a general power of attorney becomes invalid if the principal loses the ability to make rational decisions, such as in cases of coma or severe mental illness. This type of power of attorney is helpful for managing financial affairs during times of incapacity or unavailability, allowing the appointed person to handle matters without the need for court intervention. The individual who creates the power of attorney is known as the principal, while the appointed party is authorized to manage financial and property issues.