What is a power of attorney?

A Power of Attorney is a legal document that allows someone (the “principal”) to give authority to someone else (the “agent”) to act or make decisions on their behalf. In most cases, the principal has to be an adult and the agent may be any adult the principal trusts. A Power of Attorney is most commonly used when executing estate planning documents such as a will or trust. In the context of probate law in Indiana, Power of Attorney can also be used to sign documents allowing an agent to manage assets and property owned by the principal during their lifetime, including helping with tax filing, filing legal documents, and transacting business on the principal’s behalf. A Power of Attorney can be limited so that it only applies to certain tasks and is revocable when the principal is of sound mind and body.

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What is a power of attorney?

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