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Articles Tagged with miami lakes estate planning attorney

By: Jacqueline R. Bowden and Phillip B. Rarick, Miami Estate Planning Attorneys

A power of attorney is a legal instrument you may give to a trusted family member or friend  (commonly called your attorney-in-fact or agent) to manage your financial affairs and act on your behalf. The person creating the document is referred to as the principal. A Durable Power of Attorney (DPA) differs as it remains effective after the principal becomes incapacitated. In order for a DPA to remain effective it must include language stating that subsequent incapacity will not affect the powers of your agent.

Note:  Florida’s Durable Power of Attorney law was completely rewritten effective October 1, 2011.   See New Florida Durable Power of Attorney Law Makes Sweeping Changes.  If you have a DPA dated prior to October, 2011, we strongly recommend that you update your DPA.

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