What is a Power of Attorney?

A Florida Power of Attorney is a legal document that authorizes one or more persons to act on behalf of the person who creates the power of attorney. Ultimately, the person creating the power of attorney is known as the principal. The principal is granting an agent to act on their behalf. The power of attorney will detail what authority the agent has. It can give limited authority or provide for broad powers to handle a variety of transactions.

A power of attorney may be used for a number of transactions, such as the right to sell a home, vehicle or property. A power of attorney can grant an agent the ability to buy or sell stocks, access a bank account or enter into contracts on behalf of the principal. A power of attorney can grant the right of an agent to do almost any legal act on behalf of a principal.

A Florida power of attorney must be signed by the principal and by two witnesses who are present and observe the principal’s signature. Also, to create a valid Florida power of attorney, a notary must acknowledge the principal’s signature.

If you are concerned about yourself or a loved one, please reach out to see if a power of attorney is right for you.