There are two basic types of Powers of Attorney, general and limited. A general POA grants your Agent almost unlimited power to act on your behalf. This means that your Agent may be able to do things such as withdraw funds from your financial accounts, sell property and assets owned by you, and even enter into contracts in your name. If you choose to give someone the authority granted in a general POA, you should assume that your Agent will have virtually unfettered control over your assets. Knowing that, you should exercise extreme caution when executing a general Power of Attorney and choose your Agent wisely.