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Power of Attorney in St. Petersburg & Lakewood Ranch
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A power of attorney is a legal document that establishes someone to act on your behalf in regards to financial, medical, and other matters should you become incapacitated or no longer able to make decisions on your own. In order to establish power of attorney in the state of Florida, an individual must sign a written document naming the individual he or she entrusts with these decisions. This document must be signed in the presence of a notary public, plus two witnesses.
At Finley Williams Law, PA, we assist clients throughout the Tampa Bay Area with all types of estate planning and probate matters, including establishing power of attorney. Our St. Petersburg estate planning lawyer offers compassionate, personalized guidance and sound legal counsel based on extensive experience.
Types of Power of Attorney
There are a few different types of power of attorney. The person establishing power of attorney (called the “principal”) can grant a certain amount of authority to another person (known as the “agent”) depending on the type of power of attorney he or she chooses.
The different types of power of attorney include:
- Limited Power of Attorney – The principal authorizes the agent to perform only a specific act, for example, handle the sale of a home or piece of property.
- General Power of Attorney – The principal grants the agent wide-ranging authority to handle legal matters on his or her behalf.
- Durable Power of Attorney – The most common type of power of attorney, this authorizes the agent to act on behalf of the principal should he or she become incapacitated.
Estate Planning
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In order to establish durable power of attorney that authorizes another person to act on your behalf if you become incapacitated, you must include specific wording that stipulates this. It’s wise to speak with a knowledgeable St. Petersburg or Lakewood Ranch estate planning attorney who can help you ensure that your power of attorney accomplishes what you want it to and that your wishes are protected.
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At Finley Williams Law, PA, we can help you understand your various options and determine a solution that meets your goals. Furthermore, we can help you ensure that your power of attorney is correctly carried out according to your wishes and that the agent is aware of his or her responsibilities. We take the time to understand our clients’ unique situations before offering the competent legal counsel they need.
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