At some point, many Florida residents find that they need someone else to handle or manage certain responsibilities on their behalf, and if you are among them, you may be considering giving someone you trust durable power of attorney over certain affairs. A durable power of attorney is a legal document that transfers immediate control over some aspect of your affairs to someone else, allowing this person, who is known as the agent or attorney-in-fact, to make decisions on your behalf.
According to SmartAsset, while a durable power of attorney takes effect right away, it also typically remains valid in the event that you become incapacitated. Also, different types of powers of attorney exist to accommodate different needs, so understanding the different types that exist can help you determine what type of power of attorney might best suit your needs.
If, for example, you are wanting to give someone the ability to make medical decisions on your behalf, you may want to consider a health care power of attorney. That way, if you are to become incapacitated, you have someone designated who can decide whether to, for instance, remove you from life support.
Other common types of powers of attorney include the general power of attorney and the special power of attorney. As the name implies, a general power of attorney gives an agent broad power with regard to your affairs, and many people give someone else general power of attorney when creating their estate plans. A special, or limited power of attorney, meanwhile, gives an agent power only within a highly specific area, giving you the ability to maintain control over other aspects of your affairs.
This copy about durable powers of attorney is educational in nature and not a replacement for legal advice.