Protecting Your Finances With A Power Of Attorney
A power of attorney (POA) is a legal document that gives a person, the principal, the ability to appoint another person, known as the agent or attorney-in-fact, the legal ability to make financial decisions on behalf of the principal. This arrangement can be vital if there ever comes a time when the principal cannot act on their own, making a POA a key component of estate planning.
At C.J. Hilliard Law, P.A., we are committed to providing seasoned assistance with all aspects of estate planning to the Winter Garden community. We are known for our consistent communication, transparent billing practices and dedication to our clients. As we lead you through the process of preparing for the future, such as establishing a durable power of attorney, we will be as committed to your future as you are.
Requirements For A Power Of Attorney In Florida
In Florida, creating a valid power of attorney involves several requirements. The principal needs to be mentally sound while appointing someone and signing all necessary documents. The POA also needs to be signed by two witnesses and a notary. By complying with Florida law, our power of attorney lawyers can help ensure someone you trust is looking after you.
What Does A Power Of Attorney Provide Authority Over?
A power of attorney can grant the agent authority over a wide range of matters. It is common for a POA to have authority over the principal’s financial accounts, real estate matters and even health care decisions. A durable power of attorney continues to remain in effect if the principal is unable to act on their own behalf. A POA works well with other advance directives, like living wills and guardianship arrangements, to ensure the principal makes a comprehensive estate plan.
Prepare For The Future Today
If you are considering setting up a power of attorney, contact us today. For an experienced power of attorney lawyer, call our Winter Garden office at 407-255-7607 or contact us online to schedule your initial consultation today.