Planning for the future could be scary, however, having a Durable Power of Attorney in place is one of the most effective ways to protect your future and ensure your affairs are handled correctly. In Florida, this document provides peace of mind by giving the responsibility to a trusted individual to act on your behalf if you become unable to make decisions by yourself.
What is a Durable Power of Attorney?
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A Durable Power of Attorney is a legal document that designates someone the agent to manage personal and financial affairs. The durability of a DPOA is the principal difference from other types of power of attorney. Durable Powers of Attorney are often seen as a crucial part of an Estate Plan, as they secure that he principal’s affairs are correctly managed.
In Florida, a Durable Power of Attorney can cover a range of responsibilities as:
- Managing bank accounts
- Paying bills
- Selling properties
- Handling investments
- Making health care decisions
Nevertheless, the powers (you) have to guarantee to the agent (attorney), as their authority is limited based on the document outlines.
Key Benefits of Having a Durable Power of Attorney:
- Continuity in Decision-Making: In case you become incapacitated due to illness or injury, a DPOA secures that someone you trust is capable of acting on your behalf.
- Avoiding Guardianship Proceedings: If you don’t have a DPOA, your loved ones may need to go through court proceedings to establish guardianship, this can be time-consuming and include high costs.
- Personalized Control: You can customize the document to grant specific powers to your agent, establishing your preferences are respected.
Why you Need The Siegel Law Group, P.A. to Draft a Durable Power of Attorney:
The State of Florida has specific laws governing Durable Power of Attorney, we have a track record spanning over 22 years of experience helping countless families to protect their assets and legacy.
The Siegel Law Group, P.A.
2500 N Military Trail Suite 470
Boca Raton, FL 33431
siegellawgroup.com
Call or text 561-955-8515 or complete a Free Case Evaluation form
