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In this video tutorial, various types of power of attorneys in Oregon are discussed, along with essential information for creating one. A power of attorney is a legal document that allows you to appoint someone, known as an agent or attorney-in-fact, to make decisions on your behalf, especially in situations where you may need assistance or become incapacitated. The principal is the person granting authority. One common type is a durable power of attorney, which remains effective even if the principal becomes incapacitated. The video emphasizes understanding these options to ensure proper management of financial and personal matters.
