Is a power of attorney the same as a guardianship? What types of powers of attorney are there? What powers does a person with a guardianship have? What if my loved one is declared incapacitated and can no longer sign a power of attorney?

It is important to know the difference between these documents and have the answers to these questions, especially if you or a loved one is suffering from a disease like Alzheimer's or dementia.

Attorneys, Amber A. Thailing and Rachel A. Spaethe, discuss the differences between a power of attorney and guardianship, and walk you through the pros and cons of each.