For example, in our case above, you might give your lawyer power of attorney to settle a lawsuit on your behalf. Or you might give someone power of attorney in regards to the sale of a house.

One variation is a general power of attorney, which can be used for a short period (you're out of the country for an extended period) or if you simply want to delegate your finances to someone.

A power of attorney is a legal document that empowers another person to act on your behalf, either temporarily (for example, while you’re seriously ill or out of the country for an extended ...

With a general power of attorney, you can authorize someone to make decisions when you’re not able to. Your agent, which is the person you choose, might be able to do a variety of things on your ...

She is 87 years old and unfortunately has dementia and is in a care facility. I am both her power of attorney and her executor. She is currently sitting on approximately $250,000 in accounts and GICs.

Instructing a solicitor costs around £500 to £700 per power of attorney form. Although many will offer you a discount if you set up both a health and a financial power of attorney at the same time.