You may be in situations where it makes sense to have a power of attorney. If you are up in
years, it might particularly make sense to have this in place in case something should happen. Perhaps you should have a consultation with Ben Winter to discuss your situation, and perhaps your financial planning.
What is a power of attorney?
A power of attorney is a legal document that delegates the authority for one or more persons to act on behalf of the person who creates the Florida power of attorney. The person who creates, or signs a power of attorney is the principal. The principal of a Florida Power of attorney grants one or more agents the right to act on their behalf as an agent. The document will describe the authority that the agent or agents have. A Florida Power of attorney can be for a limited purpose or grant broad powers to handle a variety of financial base transactions.
What is a Florida power of attorney be used for?
In Florida, a power of attorney often grants the ability to complete transactions on behalf of the principal. The powers may include the right to sell a home, vehicle, land, or other property. A power of attorney often grants an agent the right to buy or sell stocks, access a bank account, enter into contracts, or other financial transactions on behalf of the principal. A power of attorney can be broad and grant others the rights to do almost any legal act that the principal of a power of attorney could do, including the ability to create trusts and make gifts.
Where may a person obtain a Florida power of attorney?
A Florida power of attorney is a powerful legal document. The document grants powers to act in someone else’s legal capacity. A Florida power of attorney should be created by a Florida lawyer to meet the individual’s specific circumstances. It is crucial not to grant every power possible as many of the powers that can be given in a Florida power of attorney can be used to harm the individual or circumvent their desires. Many pre-printed forms may fail to grant enough powers and some grant powers that can be dangerous.
Does a Florida power of attorney need witnesses or a notary?
A Florida power of attorney must be signed by the principal and by two witnesses who are present and observe the principal’s signature. Also, to create a valid power of attorney, a notary must acknowledge the principal’s signature. A power of attorney created in another state or by the military must comply with the laws where or for which it was created.
Ben Winter, P.A. focuses its practice in the areas of Social Security Disability and Workers Compensation in St Petersburg, Florida. For more information, go to our web site www.benwinterlaw.com or call (727) 822-0100.