When choosing the best agent to represent you, then it may be important to consider the amount of time they can spend on managing financial and legal matters. Location. Choosing an agent who does not have to be far from the principal and the property is a better choice. Capability. It is important to consider an agent that has the ability to manage the principal s property and legal matters. To begin with, the power of attorney is a legally effective document that states your agreement to give somebody else (a relative, a friend, or an employee) an authority to make special decisions or to do several things on your behalf. It is recognized in common law and civil law systems. It could be a legal or a business matter. The document takes effect right after the principal and attorney-in-fact have signed it, and it ends when the principal dies. 4. Springing - This legal document is created in such a way that it takes effect only after the principal has become mentally disabled. When writing the document, one has to make sure that it clearly explains how to determine the occurrence of the springing event. This type of power of attorney would be valid unless specified by the document, the principal dies or revokes the document, or the document specifies that it would end upon the event when the principal gets incapacitated or disabled. Specific power of attorney If the attorney-in-fact is only granted authority over specific transactions like collecting debts, buying and selling property, then it is referred to as the specific power of attorney. For example, it could be buying and selling real estate property, bank transactions with or without U.S. securities involved, getting into contracts, tax returns filing, and handling other matters which deal with benefits coming from the government. Often, the principal would have two agents, one for the health care and the other for finance. Make sure that your power-of-attorney form properly documents all the necessary information that can guide your agent in making the right legal decisions for you. 6. Talk to a lawyer. It is recommended that you consult a lawyer to avoid conflicts or hassles in the future. The lawyer can draft the legal document and inform all the parties involved about the rights and duties stipulated in it.