Why Should I Have a Power of Attorney?

One of the most important aspects of your estate plan is designating an agent under a Durable Power of Attorney (DPOA). Your DPOA needs to be drawn up by an experienced estate planning attorney. Florida estate planning lawyers know all too well the problems that can arise when someone who becomes incapacitated and either does not have a DPOA or it is not properly drafted. Our next series of articles will cover some reasons why you should have a DPOA.

Protect Your Assets

Your assets include anything tangible that you own, including bank accounts, retirement accounts, investments, real estate, automobiles, personal belongings, and cash. If you should become incapacitated, your DPOA agent can make payments on your behalf (i.e., mortgage), make any estate planning decisions that need to be addressed, and help keep your assets safe. You should make your wishes known to your estate planning attorney so your DPOA can be properly drafted to ensure your desired protections are in place.

Handle Legal Affairs

If any legal matters arise while your incapacitated, your DPOA agent can handle them on your behalf. It is important, however, that you specifically state what your DPOA can and cannot do. A blanket statement giving them authority to act is not enough and can sometimes cause further confusion. This is another reason why it is imperative to have a qualified Florida estate planning attorney draft your DPOA.

Pittman Law Office is comprised of experienced and personable Florida estate planning attorneys and probate attorneys. Individuals in The Villages area trust us to help them plan their estates and ensure their final wishes are honored. If you are in need of a Florida estate planning attorney, we are here for you. Give your friends at Pittman Law Office a call today.