What legal authority does a Power of Attorney grant?
A. A Power of Attorney can be used to grant any or all of the following legal powers to the attorney-in-fact: Buy, sell and maintain real estate Banking transactions Make investments such as stocks, bonds or mutual funds Make legal claims and conduct litigation on your behalf You can also authorize the attorney-in-fact to transfer any of your property to himself or herself. This is called self-dealing. You should not grant this power without first seeking competent legal advice.
