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So, it’s important to know what power of attorney is and how it’s related to, but different from, attorney-in-fact.
Next of kin and power of attorney (POA) serve different roles in managing someone’s affairs. A POA gives legal authority to an appointed agent to make financial or healthcare decisions.
The Moneyist I’m in my 80s and have 2 kids. How do I choose between them to be my executor? ‘One child has acquired significant knowledge of contracts, legal documents and business procedures ...
An attorney-in-fact is designated through the power of attorney (usually) by the person who will be represented.
Power of attorney is closely related to a similar term, “attorney-in-fact,” which could possibly cause you to be unsure of the distinction.