Power of Attorney for Asset Management:
A Power of Attorney for Asset Management gives someone you designate and trust, the legal authority to transact financial affairs on your behalf when you are not able to do so. With a Power of Attorney to handle your financial affairs you can instruct your agent to pay your bills; deposit or withdraw funds from your account; invest your assets; borrow money for your benefit; buy, sell, or manage your personal and real property; or operate your business.