A Power of Attorney (POA) is a legal document granting one person the authority to act for another, while conservatorship involves a court appointing a guardian to manage the affairs of someone incapable of doing so themselves.
Whichever type of power of attorney you have, the person who gives the authority is called the principal, and the person who can act for the principal is called the agent, or theattorney-in-fact. You can designate both a medical and a financial power of attorney in the even...