A financial power of attorney is a legal document that grants authority to another person, known as an agent or attorney-in-fact, to make financial decisions and manage financial affairs on behalf of the principal, typically in the event of incapacity or inability to handle matters independently. It allows the appointed agent to handle tasks such as paying bills, managing investments, and making financial transactions on behalf of the principal. By considering the following questions, you can select a financial power of attorney who is capable, trustworthy, and aligned with your financial goals and values.