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There are multiple types of decisions that the attorney-in-fact can be given the power to make, including the power to: 1  Make financial decisions. 2  Make gifts of money. 3  Make health care decisions, including the ability to consent to giving, withholding, or stopping medical treatments, services, or diagnostic procedures.
DEFINITION of 'Power Of Attorney'. A legal document giving one person (called an agent or attorney-in-fact) the power to act for another person (the principal). The agent can have broad legal authority or limited authority to make legal decisions about the principal's property and finance.