At some point in time, every individual should be thinking about some sort of estate planning. Whether it is a last will and testament, trust or power of attorney, it is always good to be prepared when life throws you a curveball.
A power of attorney can relate to medical reasons or financial reasons. A power of attorney is a document where a principal, the person whom executed the power of attorney, gives authority to his/her agent to do one or more tasks in the event the principal is unable to do so. A person can have a power of attorney to sell personal property, sign documents on his/her behalf, negotiate with third parties and handle all medical situations.
A power of attorney can be limited, general or durable. A limited power of attorney is a power of attorney for a specific reason, such as to sell property located at 123 Main Street. A general power of attorney is a power of attorney for numerous issues and is not limited. A durable power of attorney is a power of attorney that does not terminate once the principal has become incapacitated.
A health care surrogate, or medical power of attorney, gives the principal’s agent power over health care decisions. As this is a serious issue, the agent must be trusted and should be a close family member and/or friend.
Do you need assistance with drafting a Florida power of attorney? The Law Office of Ryan S. Shipp, PLLC is here to assist. We are located in Lantana, Florida, we serve all of South Florida. Call us at (561) 699-0399 to set-up your free 20- minute consultation today.