Often, the principal would have two agents, one for the health care and the other for finance. A financial agent s concert would be centered on the financial condition and issues of the principal. While the health care agent would be overseeing the principal s medical decisions. The attorney-in-fact or the agent does not have to be lawyer. The appointment and authorization should be clearly stated in the legal document (a power of attorney is actually a legally effective document). How is the power of attorney created? You need to completely fill out a specific power of attorney form. It should state yourself as the principal and identify the agent you are appointing to take authority on your affairs if you become unable to do so. Remember though that regardless of the period stated on the contract, the power of attorney will be void once the principal dies. When they fall ill, become physically or mentally incapacitated, some power of attorney agreements are honored provided that they have the provision that the contract will still be valid when these things happen. Various situations call for authorizing another person to take care of your finances, real estate, health care, or other affairs as well as make legal decisions on your behalf. Preparing power-of-attorney documents is not as complex as it seems. Listed here are seven easy steps to help you come up with a proper power-of-attorney document. These are meant to ensure that the needs of the principal is properly addressed and provided for. When preparing or creating a power of attorney, it is important to get lawyer assistance. They would be able to help you identify what type of power of attorney would be best suitable for your needs. General power of attorney The general power of attorney provides the attorney-in-fact (or agent) authority in all situations unless specified by the document. But deciding whom you will entrust your assets, money, and health (even your life) can be very tough. To make the selection process a bit easier for you, take heed of the following considerations that you must include when nominating a person in your power of attorney. Age It is a basic factor in determining whether someone is fit to become your attorney-in-fact.