Creating a Power of Attorney is very simple and has plenty of benefits and advantages. This legal document allows you to give authorization to an individual, known as an agent (or attorney-in-fact), to mange your property and finances.  The agent can take care of everyday tasks on your behalf while you are away or unable to do so yourself.  It can last for a limited time and then expire or even a lifetime if you prefer.  If “durable,” this legal document allows the appointed individual to handle your property and finances if you were to ever become incapacitated or incompetent.