Power of Attorney is a legal instrument whereby one can give authority to another to act on his/her behalf as his legal representative. This authority empowers the attorney holder to act on behalf of the authority giver and take any financial decision. A person need not be a lawyer to be an authority holder for another. Sometimes, due to lack of properly drafted and executed power of attorney, it becomes difficult for attorney holder to take important decisions or manager financial and medical affairs. Further, it can be misused also if not properly drafted. Thus, it is always advisable to have a properly drafted power of attorney.