FINANCIAL
Your attorney in fact can pay bills and taxes, invest in stocks
and bonds, buy or sell real estate, collect benefits or handle
retirement accounts. Some things can't be delegated, like voting
or writing a will. If you run your own business, your agent
can do anything you would to operate the business. He or she
is expected to be honest and responsible, keep good records,
not mix your funds with his, and avoid "conflicts of interest"
-- gaining personally from serving as your agent.
MEDICAL/HEALTH CARE
This attorney in fact makes medical decisions when you're
unable. They select doctors and hospitals, help decide on
your admission or discharge , pay medical premiums, keep track
of claims, handle disability insurance, investigate treatment
options or meet with doctors. A health care poa is more extensive
than a living will, which typically covers only the end of
life.
