A power of attorney is a very important part of your estate planning, as well as planning for those times when you are unable to make decisions or voice your own opinion. In fact, for those who may be appointed a guardian, having a power of attorney in place, in advance, may help you enforce decisions you have already made for yourself.
In Florida, a durable power of attorney will let people know that you have appointed a representative to act on your behalf in the event your are unable to make your own decisions, engage in financial transations, whether personal or business.
A power of attorney in Florida is allowed to act as your attorney-in-fact, and is permitted to authorize financial and medical decisions on your behalf, unless you have a separate health care surrogate appointed for medical decisions.
In short, the power of attorney may be permitted to handled the following:
• Pay your bills and authorize transactions from existing or special accounts.
• Invest money or enter into contracts on your behalf.
• File your taxes or pay your taxes.
• Sell your property or lease property.
• Apply for government aid or Social Security disability income.
• Make decisions about Medicare or Medicaid.
A power of attorney may transfer authority to the appointed person the moment you have become incapacitated. A power of attorney is not to be taken or entered into lightly, and it is always highly adviseable to seek the counsel of an experienced attorney when preparing to draft a durable power of attorney in Florida.
Contact Theodore Kaufman, Esq. for your consultation and to begin the process of drafting a power of attorney.
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