Powers of attorney are not one-size-fits-all types of documents. The extent of the powers that are held by the attorney in fact are defined by the document itself. If the power of attorney doesn't pack enough punch, it may not be as useful as you need.
When the time comes to execute the documents needed to allow a family member to take over the decisions of an elderly person, it is often too late because the elderly person no longer has capacity to sign the documents.
For women, securing enough retirement income can be a daunting proposition. Generally speaking, women face two significant hurdles to overcome to achieve a comfortable flow of retirement income: increased longevity and decreased earning power.