Powers of Attorney in St. Petersburg
Experienced Estate Planning Lawyers
Endowing someone with power of attorney means that you are giving them the authority to make decisions on your behalf. Unlike a living will or advance directive, you do not need to be incapacitated for someone with power of attorney to speak for you. They can exercise their authority for as long as you designate them to have powers of attorney.
Granting powers of attorney can endow an individual several privileges, including the legal ability to:
- Handle your finances
- Manage your property
- Make medical decisions should you become incapacitated
- Buy and sell property
- Collect debts
- Oversee business transactions
Powers of attorney are not all-encompassing. For example, you cannot assign someone to get married or divorced on your behalf. Additionally, the terms of power of attorney are customizable. Some people limit them to a limited time frame, some people make it permanent, and others only have them go into effect once they have become mentally incapacitated.
If you would like to establish powers of attorney for someone, or find a trusted lawyer who can exercise these powers for you, call our estate planning attorneys today at (727) 240-2350.
What Are Durable Powers of Attorney
Not all powers of attorney documents remain valid if you become incapacitated. If you wish for these powers to remain, you will need to establish durable power of attorney. This document can ensure that powers of attorney remain with an individual even if they are incapacitated. It can also be set up so that the powers of attorney only take effect once you become incapacitated. You can designate a specific doctor to assess your condition and serve as the one to declare mental incompetence should it ever become an issue.
You can also grant powers of attorney to more than one person. Many people choose to name their spouse and children as attorneys-in-fact. Durable powers of attorney are not just forms – they are powerful documents that should be customized to meet each person’s estate plan, goals, and family situation. Making your own power of attorney from a store bought form can result in difficulties. You should consult with a knowledgeable elder law or estate planning attorney for this kind of document.
Hill Law Group in St. Petersburg has a team of trusted and experienced estate planning attorneys who are ready to help. Call (727) 240-2350 today.
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