What Older Adults Need To Know About Powers Of Attorney In Clearwater

As we age, planning for the future is increasingly important. An essential legal tool for older adults is a power of attorney (POA). It authorizes someone you trust to manage your financial affairs and personal matters if you are incapacitated or otherwise unable to yourself.

Understanding how powers of attorney work and why they are vital for older adults in Clearwater can provide peace of mind for you and your loved ones. Our Clearwater elder law attorney breaks down what a power of attorney is, why it is important, and how to create one in Florida.

What Is A Power Of Attorney In Clearwater?

A power of attorney (POA) is a legal tool that authorizes someone you trust, formally referred to as your agent, to act on your behalf. Depending on the type of POA you create, this person can manage tasks such as paying bills, handling property and investments, or making important decisions about your medical care. They have a fiduciary duty to always act according to your wishes and in your best interests.

Chapter 709 of the Florida Statutes outlines legal rights and responsibilities for you (the ‘principal’ of a power of attorney) and your agent and requires that a POA be signed in the presence of two witnesses and a notary. Key reasons why older adults should have a POA in place:

• Pays bills, basic living costs and otherwise protects your financial security;
• Protects your home and other property and assets and ensures they are managed property;
• Streamlines medical decisions, conveying your wishes regarding life-sustaining care;
• Helps avoid guardianship proceedings, in which the Hillsborough County Court appoints someone to make decisions on your behalf.

How To Create A Power Of Attorney In Clearwater

Creating a power of attorney in Clearwater is a straightforward process, but it is important to get professional legal help to ensure it is in your best interests and adheres to all legal requirements. Steps in creating a Clearwater POA include:

• Determine whether you need a general, limited, or durable power of attorney;
• Choose someone trustworthy, capable, and reliable to serve as your agent;
• Have our elder law attorney draft your POA to ensure it complies with Florida law;
• Make your loved ones aware that you created a POA;
• Keep your POA in a secure but accessible location;
• Provide copies to your agent, attorney, and relevant institutions like your bank or doctor.

Schedule A Consultation Today With Our Clearwater Elder Law Attorney

Clearwater elder law attorney William Rambaum helps older adults in our community create powers of attorney that safeguard their financial and personal interests. Whether you need assistance drafting a new POA or updating an existing one, we can guide you through the process and ensure your wishes are honored.

Board-certified by the Florida Bar and the National Elder Law Foundation, we have provided trusted legal guidance to Clearwater residents for over 40 years. Call or contact us online today to schedule a consultation.

Sources:

leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0700-0799/0709/0709.html

mypinellasclerk.gov/Home/Probate-Mental-Health