What Are The Different Types Of Power Of Attorney In Florida?
There are many different tools you can use to plan for the future, and a power of attorney is one of them. A power of attorney gives someone else, known as an agent, the authority to make decisions on your behalf in the event that you are unable to make decisions for yourself. An agent can make decisions about your finances, healthcare, estate, and more. In Florida there is more than one type of power of attorney, though. Below, our advance directive attorney in St. Petersburg explains the different types available in Florida.
Durable Power of Attorney
The most common type is a durable power of attorney. With these documents, a person is designated as an agent to make medical and financial decisions for the incapacitated individual. A durable power of attorney remains effective until it is revoked by the principal, if they have the mental capacity, the court, or a court-appointed guardian. A durable power of attorney can also include an expiration date and the document is no longer effective after this date.
Medical Power of Attorney
As the name suggests, a medical power of attorney gives another person the authority to make healthcare decisions on your behalf. No one can predict the future and a situation may arise when you are unable to make decisions for yourself. For example, if you are in a coma after a car accident, your agent named in a healthcare power of attorney can make decisions regarding the treatment you will or will not receive. You can also write down your medical wishes to ensure they are respected and to relieve the burden on your family.
Limited or Special Power of Attorney
A limited or special power of attorney gives your agent authority over specific and restricted matters. For example, you may have a successful business but you have to leave the country for personal reasons for an extended amount of time. A limited power of attorney can give your agent the authority to make decisions and run the business on your behalf while you are away. However, if you become incapacitate during your lifetime, this is not the power of attorney to be used.
Our Advance Directive Attorney in St. Petersburg Can Explain Your Options
Drafting a power of attorney can help protect you and your family, but there are many different types available. At Legacy Protection Lawyers, LLP, our St. Petersburg advance directive attorney can outline your options, help you determine which one is right for you, and ensure your plan is executed properly so your wishes are respected. Call us today at 727-471-5868 or fill out our online form to request a consultation and to get more information.
Source:
flsenate.gov/laws/statutes/2010/709.08
