A Florida Durable Power of Attorney (DPOA) can assure that certain financial or business transactions will be handled in the way you wish them to be, even if you are not able to attend to them personally or if you become incapacitated.
What is a Durable Power of Attorney?
A Florida “Durable” Power of Attorney is the same as a Power of Attorney, with one major addition: the powers remain effective after the Principal becomes mentally or physically disabled. This durable power is added through special language written in the document.
A DPOA allows a designated agent to handle financial affairs, such as paying bills, managing investments & handling real estate. This ensures your financial matters are managed according to your wishes, even if you become unable to do so yourself.
Financial Management
For business owners, a DPOA ensures that your business operations continue smoothly in your absence. Your appointed agent can make crucial decisions, sign documents, and manage daily operations, providing stability for your business.
Business Continuity
While primarily a financial document, a DPOA can include provisions for making health care decisions if you are incapacitated. This works in conjunction with a Health Care Surrogate Designation for comprehensive planning.
Health Care Decisions
Importance of a Durable Power of Attorney
Selecting Your Agent: Choosing a trusted individual who will act in your best interest.
Defining Powers: Clearly outlining the scope of authority granted to your agent.
Durability Clause: Including specific language to ensure the DPOA remains effective even if you become incapacitated.
Revocation Terms: Establishing conditions under which the DPOA can be revoked or modified.
At J. Akin Law, we understand that each individual’s needs are unique. We will work with you to customize your DPOA, ensuring it reflects your specific wishes and circumstances. Key considerations include:
Customizing Your Durable Power of Attorney
Serving All Of Florida
J. Akin Law is conveniently located to assist clients throughout Florida. Our experienced attorney is dedicated to helping you navigate the complexities of estate planning.
If you're considering a Durable Power of Attorney in Florida, contact J. Akin Law for a free consultation. Let us help you secure your financial future and ensure your wishes are honored, no matter what the future hold