Power of Attorney in Winter Park

A power of attorney is a legal document that delegates authority from one individual to another. The creator of the power of attorney is the "principle," and the person who is granted to act on the principle's behalf is the "agent."

What Can You do With a Power of Attorney in FL?

A power of attorney has many functions, some of which give another the right to:

• Sell a vehicle
• Sell a home or other property
• Gain access to bank accounts
• Sign a contract
• Make health care decisions
• Handle financial transactions
• Sign legal documents for the principle
• Create trusts and make gifts

A power of attorney is not only an important legal document in your estate plan, but a very powerful one since it's allowing someone else to act in your place. It should be drawn by an attorney to ensure that it meets the principle's specific circumstances; a pre-printed form may not provide you with the desired protection.

How to Create a Valid Power of Attorney in Florida

In order for a power of attorney to be legally effective in Florida, it must be signed by the principle and two witnesses, and it must be acknowledged by a notary.

Limited vs. General Power of Attorney

Florida powers of attorney are either limited or general.

Limited power of attorney gives the agent limited power to conduct a specific act.

The general power of attorney gives the agent broader powers to perform any legal act on the principle's behalf.

Most powers of attorney are "durable," meaning they remain effective even if the principle becomes incapacitated, but there are exceptions. The durable power of attorney must provide specific wording that states that it survives the incapacity of the principle.