This document gives a person you appoint authority to act on your behalf for personal, financial and business matters. You may give the person very broad powers or you may limit their authority to act to limited situations. The person you appoint is known as your power of attorney agent or attorney-in-fact. When choosing a person to act as your power of attorney, you should choose someone you trust, someone who understands finance and business, and someone who will understand your wishes. You may structure your power of attorney so that it takes effect (1) immediately and remains in effect after your incapacity (“durable”), or (2) upon your incapacity (“springing”). With a springing power of attorney, there can be confusion about when you are incapacitated.