Elsie Swanson owned a 120-acre farm in Webster County, Iowa for nearly 50 years. The property included her home. Elsie gave a power of attorney to her only child, Peggy. The general power of attorney permitted Peggy to act on Elsie's behalf, but forbade Peggy from making gifts to herself. In 2004, Peggy and her husband borrowed money from Citizens State Bank which was guaranteed by a mortgage on Elsie's farm.