Helpful topics and some frequently asked questions.
What should I think about when considering whether or not to execute a power of attorney?
One needs the assistance of an elder lar estate planning attorney in evaluating what to consider in executing a durable power of attorney. Durable powers of attorney contain very specific designations of authority. Indeed, under Florida law to authorize the attorney-in-fact to conduct transactions with banks requires specific terminology. Powers of attorney in Florida cannot contain broad or general delegations of authority further the agent attorney in fact is required to exercise their duties without violating the testamentary scheme of the principle. So, the factors are too numerous to consider but what I want you to know is you need to meet with an estate planning or elder law attorney before you execute your durable power of attorney.