${site.data.firmName}${SEMFirmNameAlt}
Call Today for a Consultation
Toll Free: 800-495-9153
Local: 321-426-1848

About financial durable power of attorney

Florida residents who are concerned about the unexpected should make sure to include a durable power of attorney in their estate plan. They can use the document to give someone they trust the authority to make certain financial decisions on their behalf should they unexpectedly become incapacitated or ill.

If the document is not in place, the family of an incapacitated person will likely be required to ask the courts to step in. It is a legal process that can be very expensive and time-consuming for the family who will already be under significant emotional strain.

All adults, whether they are single or married, should complete a power of attorney. Spouses may typically be able to handle basic financial matters with no issues, but there are several financial transactions that require the signatures of both spouses. If certain assets are in just one spouse's name, the other spouse may not be able to use those assets to pay for the medical costs incurred by the other spouse's condition.

A durable power of attorney is just one type of financial power of attorney. The documents become enforceable when it is signed, and unless it is revoked, remains effective during any incapacitation of the individual or until the individual dies. With this power of attorney, the agent has the authority to address a broad range of financial matters on the behalf of the individual. If the power is not specified as being durable, it may not be effective if the individual becomes incapacitated.

An estate planning attorney may assist clients with determining what types of powers of attorney should be included in their estate plan. Assistance may be provided for drafting the legal documents that give a trusted individual or entity the authority to conduct certain financial transactions on behalf of clients.

No Comments

Leave a comment
Comment Information

Consult Our Florida Lawyer for Veterans Aid & Attendance

Feel free to contact us and schedule an initial consultation where we can review your circumstances in an intimate setting and discuss how our Brevard County Elder lawyer can help you. Simply call Amy B. Van Fossen, P.A., locally at 321-426-1848 or toll free at 800-495-9153. We look forward to meeting you.

How Can We Help You?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Visit Our Office

Law Office of Amy B. Van Fossen, P.A.
1696 West Hibiscus Blvd
Suite A
Melbourne, FL 32901

Toll Free: 800-495-9153
Phone: 321-426-1848
Fax: 321-345-5417
Map & Directions

Review Us

We accept

VISA | MasterCard | American Express | Discover Network