shapecharge / Getty Images A power of attorney (POA) is a legal document that grants another person, called an agent or attorney-in-fact, the authority to make decisions on your behalf.

When it comes to a power of attorney document, you don't seem to need it – until you suddenly, desperately do. Designating a power of attorney is crucial to creating a strong financial plan ...

Yet relatives can't just walk into a bank and access your money, even if it is to pay for your care. Unless you've a Power of Attorney, loved ones would need to apply through court, which can be long ...