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What is a Power of Attorney and who would make a good one?

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Australian banknotes, mostly $50 bills, strewn over a flat surface.
What is a Power of Attorney and who would make a good one?(Flickr: williamnyk; CC BY 2.0 DEED)
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At some point in life you or someone you love will likely need to appoint a Power of Attorney but what does this involve and who should you choose? 

Hear specialist Wills and Estate Lawyer Kathy Wilson explain the most important considerations when it comes to appointing and making a power of attorney. 

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