Florida General (Financial) Power of Attorney Power of Attorney Forms

Florida General (Financial) Power of Attorney

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A Florida general power of attorney (GPOA) allows an appointed agent to manage financial affairs on behalf of the principal. However, this authority ceases if the principal loses their mental capacity. It is essential to choose a trustworthy person as the agent, as they will be responsible for making decisions that align with the principal's best interests while they are still competent and able to make decisions.

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Signing Requirements

Two witnesses and a notary public.

Laws

Durable - A power of attorney is durable if it contains the words: "This durable power of attorney is not terminated by subsequent incapacity of the principal except as provided in chapter 709, Florida Statutes," or similar words that show the principal's intention is that the power of attorney will remain effective beyond their incapacity.<a class="source-url" href="#source-url1">[1]</a>

Incapacity - Means the inability of an individual to take those actions necessary to obtain, administer, and dispose of real and personal property, intangible property, business property, benefits, and income.<a class="source-url" href="#source-url2">[2]</a>

Signing Requirements - Two Witnesses and Notary Public.<a class="source-url" href="#source-url3">[3]</a>

Sources

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Notice

The information and templates provided on this website are for general informational purposes only and are not a substitute for professional legal advice. While we strive to offer accurate and up-to-date forms, the legal landscape is complex and varies by jurisdiction. We strongly recommend that you consult with a qualified attorney for specific legal issues or questions. Using our templates does not create an attorney-client relationship, and we are not responsible for any actions taken based on the information provided here.

The Significance of POA

By designating an agent, the principal can ensure that someone they trust will make decisions regarding their finances, healthcare, and legal matters. This can help prevent disputes among family members and ensure timely decision-making when needed. Additionally, having a POA in place can protect an individual’s interests, allowing for smooth management of affairs without the need for court intervention. Overall, a POA is a vital tool for planning and safeguarding one's future.