A power of attorney can be used to grant any, or all, of the following legal powers to an agent:
- Buy, sell, maintain, pay taxes on and mortgage real estate.
- Manage your property.
- Conduct your banking transactions.
- Invest, or not invest, your money in stocks, bonds and mutual funds.
- Make legal claims and conduct litigation.
- Attend to tax and retirement matters.
- Make gifts on your behalf.
- Use your assets to pay your everyday expenses and those of your family.
- Buy and sell insurance policies and annuities for you.
- Claim property you inherit or are otherwise entitled to.
- Collect benefits from Social Security, Medicare or other government programs or civil or military service.
- Operate your small business.