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, and handling real estate — helping to manage your finances in line with your wishes, even if you're unable to do so yourself.
Financial Management
For business owners, a DPOA helps support the continuity of business operations 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 that allows the DPOA to remain 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 so 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 plan for your financial future and work toward honoring your wishes.