Florida Power of Attorney Guide
The residents of Florida have plenty of legal tools at their disposal to create a comprehensive estate that sees after all of their needs. Estate planning relies on important tools such as wills, trusts, and powers of attorney to make sure that the client is living life by their own rules, even if they cannot call the shots because they are incapacitated. There are a lot of good reasons why you should have a Florida power of attorney and plenty of options you can use to customize your power of attorney arrangements.
What Is A Power Of Attorney?
A power of attorney gives someone else the legal right to sign documents for you and do financial transactions in your name. A standard power of attorney can become void if you become incapacitated and unable to make your own decisions. A durable power of attorney is one that remains in place if you become incapacitated and gives all of the decision making power to your representative.
Customized Coverage
While it is possible to use a template version of a power of attorney that gives certain powers to the person you designate, you can also customize your coverage to give power to more than one person. For example, if your brother is better with finances than your sister but your sister is better with negotiating contracts, then you can split up your power of attorney between your brother and sister to get what you would feel would be the best possible representation.
The Dangers Of A Florida Power Of Attorney
If you give the power of attorney to the wrong person, you could wind up with an empty bank account and no real estate in your name. There are devices in the Florida court system that can help if you are being taken advantage of, those devices often do not kick in until someone makes a complaint on your behalf. It is important to treat the power of attorney as something extremely important and only give that power to people that you trust.
Why Would I Need A Power Of Attorney?
A power of attorney can be helpful if you need legal documents signed but are unable to appear in person to sign them. If you do become incapacitated due to injury or disease, then your power of attorney can make sure that your money is safe and your obligations are properly seen to. if you decide that you are unable to properly manage your financial affairs, then you can assign a power of attorney to help you avoid making financial mistakes.
Our estate planning lawyers have plenty of experience in helping Florida residents to set up their powers of attorney. We will give you all of your options and make sure that we put a power of attorney in place that satisfies most of your needs.