What is the difference between a power of attorney and a legal guardian?

power of attorney vs guardianship

            An individual, referred to as the Principal, appoints an Agent or Agents in a power of attorney document to conduct certain actions on behalf of the Principal.  The power of attorney may be very limited or broad in scope and may include authority to make financial transactions and health care decisions.  The power of attorney may be effective immediately or may commence upon the occurrence of a specific event such as a physician certifying that the principal can no longer conduct his or her affairs.  

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