Power of Attorney – Chaban Law Group.
Apower of attorney is a document that allows an individual (“principal”) to appoint another individual (“agent”) to make certain approved decisions on their behalf. An agent can be anyone that the principal chooses, so long as the agent is at least 18 years of age, and can even be a financial institution in some cases. When choosing an agent, it is important to choose someone that you know well, as a power of attorney can have the ability to make large decisions for the principal, including financial ones. Agents appointed as a power of attorney are bound by statute to act in good faith and not contrary to your interests.
Florida law provides for several different types of powers of attorney. A general power of attorney will provide the agent with broad authority to make decisions on your behalf whereas a limited or special power of attorney can be used for a specific purpose and a limited time. Further, a durable power of attorney will allow the powers appointed to your agent to extend even after you lose capacity. This durable power of attorney can be made general or narrowed to specifics that you desire.
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Power of attorney can give an individual wide discretion to act on your behalf. It is important to understand the legal repercussions of such a document and ensure that it is drafted according to your desires and needs. Our attorneys can assist you in drafting and reviewing these documents.