What kinds of legal authority can be granted with a Power of Attorney?

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.
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All content is for informational purposes only. It is also only intended to relate to Mississippi Estate Planning Law.  If other states are mentioned, they are mentioned as an example only. No legal advice is provided in this content. Laws change so you need to check for any updates by current laws in Mississippi.