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11 Facts About a Power of Attorney

Posted by Enita Kushi | Jan 07, 2019 | 0 Comments

  1. The person acting on your behalf is called the agent.
  2. The agent is required to act on your behalf if it in your best interest.
  3. You can have more than one agent by naming two or three co-agents who can act on your behalf.
  4. 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.
  5. You can change the agents named in your power of attorney at any time (as long as you have capacity to do so).
  6. You should name a backup agent if your first agent predeceases you or is unable to act as your agent.
  7. In Florida, the power of attorney becomes effective immediately upon you signing it.
  8. 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.
  9. 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).
  10. You can include a date in which the agent's power to act on your behalf terminates.
  11. 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.

About the Author

Enita Kushi

Enita Kushi, Attorney At Law Enita Kushi skillfully represents clients in foreclosure defense cases and general commercial litigation. Enita is admitted to practice before the state courts of Florida, the United States District Court of Southern and Middle Florida, and the United States Bankrupt...

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