A Financial Power of Attorney can be appointed to oversee any kind of financial or legal decisions including:
Accessing bank accounts
Paying bills
Collecting rent
Managing investments e.g buying or selling shares or bonds
Managing property or other assets
Accessing welfare or insurance payments on your behalf
Signing legal documents
Your Attorney has certain obligations to meet while performing their duties. If they broach their responsibilities they could be liable to civil or criminal penalties. They are responsible for keeping detailed records of any transactions they make or other dealings with your money. They must keep all money and assets separate from their own and act honestly in accordance with the instructions set out in the Power of Attorney document.