Who is the principal in a power of attorney document?
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A principal in a power of attorney document is the person who makes or creates the power of attorney. In other words, he or she is the individual delegating legal authority to another person. We can also refer to the principal as the key subject of the power of attorney. He or she names the agent to act on their behalf. Thus, when you are the principal in a power of attorney document, you are the one allowing another person to act on your behalf. Notably, you may give the power of attorney authority of decision-making regarding your finances, property, and investment among others.