Appointing someone to act on your behalf under a power of attorney (POA ... what you should consider before you grant POA to your child. Key qualities to look for in a POA: Profit and prosper ...

Investopedia / Laura Porter A power of attorney ... such as an attorney, accountant, or banker. But they may also be a family member such as a spouse, an adult child, or another relative.

If you want a spouse, adult child or other loved one to be able to make medical decisions for you should you become mentally incapacitated, you’ll need to sign a medical power of attorney.