The person taking on the power is known as the agent or the attorney-in-fact.
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Types of Power of Attorney There are several types of power of attorney and many ways to classify them.
Springing power of attorney, on the other hand, only goes into effect once you become incapacitated.
A durable power of attorney ends automatically when you die.
This person will act with the same legal authority you would have, so any mistakes made by your agent may be difficult to correct.