universal power of attorney

A universal power of attorney is a legal document that grants someone you trust (called an agent or attorney-in-fact) broad authority to handle all your financial and legal affairs on your behalf. This includes managing bank accounts, paying bills, signing legal documents, and handling investments. It becomes effective when you’re unable to act for yourself, either temporarily or permanently. It’s a powerful, flexible tool that ensures your interests are managed according to your wishes, but should be used carefully, as it grants significant control to the agent.