- The person acting on your behalf is called the agent.
- The agent is required to act on your behalf if it in your best interest.
- You can have more than one agent by naming two or three co-agents who can act on your behalf.
- If you lose your capacity and don't regain it, you cannot sign a new power of attorney, revoke or amend a previously executed power of attorney.
- You can change the agents named in your power of attorney at any time (as long as you have capacity to do so).
- You should name a backup agent if your first agent predeceases you or is unable to act as your agent.
- In Florida, the power of attorney becomes effective immediately upon you signing it.
- You can grant the agent the power to create trusts, sign documents, access financial institution accounts, apply for public benefits, sell or buy real estate on your behalf, etc.
- You can sign a power of attorney that gives the agent one right (known as a limited power of attorney) or multiple rights (known as a durable power of attorney).
- You can include a date in which the agent's power to act on your behalf terminates.
- The power of attorney granted to your agent terminates upon your passing.
If you want to discuss your options, and whether you need to create or modify a current Power of Attorney, please call 239-529-8731.
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