In the document, the maker of the power of attorney (the “principal”) grants the right to act on the maker’s behalf as that person’s agent. What authority is granted depends on the specific language of the power of attorney. A person giving a power of attorney may make it very broad or may limit it to certain specific acts.
A power of attorney may be used to give another the right to sell a car, home or other property. A power of attorney might be used to allow another to access bank accounts, sign a contract, make health care decisions for you or your dependent minors, handle financial transactions or sign legal documents for the principal. A power of attorney may give others the right to do almost any legal act that the maker of the power of attorney could do, including the ability to create trusts and make gifts.
A power of attorney is an important and powerful legal document, as it is authority for someone to act in someone else’s legal capacity. It should be drawn by a lawyer to meet the person’s specific circumstances. Pre-printed forms may fail to provide the protection desired. It must be signed by the principal and by two witnesses to the principal’s signature, and a notary must acknowledge the principal’s signature for the power of attorney to be properly executed and valid under Florida law. There are exceptions for military powers of attorney and for powers of attorney created under the laws of another state.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Understanding Your Kids' Learning Styles
As your kids head back to school after the winter break, one of your top priorities, as a parent, is to help them with their homework.
Tips For Beating Test Anxiety
Study strategies and coping skills transform attitudes
Legally Speaking: Power of Attorney
A power of attorney is a legal document delegating authority from one person to another.
WADSWORTH ELEMENTARY
CHARTING A NEW PATH WITH FLAGSHIP PROGRAM ‘STREAM’
ASK THE Doctor
Introducing our new monthly feature, Ask the Doctor. Our healthcare partners will be answering your questions.
Why Family Dinners Matter: The Science Of Eating Together
Most families find it difficult to get everyone together at the dinner table on a regular basis.
Do's & Don'ts – Of Giving Your Kids an Allowance
You can teach your kids important money management skills by giving them a regular allowance.
Ask the Doctor
Introducing our new monthly feature, Ask the Doctor. Our healthcare partners will be answering your questions.
TIPS FOR HELPING KIDS FALL & STAY — ASLEEP
Oddly, most of our understanding of sleep comes not from knowing what happens when we sleep but from noticing what happens when we don’t.
Legally Speaking: Wills
From the Florida Bar Pamphlet: Do You Have a Will?