dURABLE Power of Attorney
Designate a trusted agent
The Durable Power of Attorney
A robust Durable Power of Attorney is A document included in all of our estate plans
The terms of the durable power of attorney should be drafted in a way that fits your specific situation. A robust power of attorney will ensure your Agent has the ability to assist with Qualifying you for public benefits (such as medicaid), assist with financial Affairs and more. The individuals you list to have this authority on your behalf are called your agent and they must be at least 18 years of age. Some other important specifications of the Florid durable power of attorney include:
- You must have full mental capacity to create and execute the Durable Power of Attorney
- Your Durable Power of Attorney does not last after death, so it is not a substitute for a Will or Trust
- If you do not have a Durable Power of Attorney and need assistance due to diminished mental capacity , then often times a guardianship case will be opened for you. A lengthy and costly process
In order to ensure that your affairs are handled when you cannot do so yourself, you should always have a valid power of attorney document as part of your estate plan. At The Legacy Law Firm, our Florida estate planning lawyers can help you plan for your future.
A complete Estate Plan is crucial for Everyone
It is best for you and your family if you have a power of attorney prepared. It can prevent disruption of your finances and save your family stress.
Selecting Your Power of Attorney
- The person’s knowledge of your affairs
- Their willingness to take on the responsibility
- Their ability to handle complex financial and legal matters
- Whether they may be incapacitated (such as by a mental condition) in the near future
- Your level of trust and comfort with the person you designate is important