The Florida Durable (Financial) Power of Attorney is the most commonly utilized POA to transfer broad sweeping powers to another individual concerning finance-related issues. The word “durable” refers to the document retaining validity even past the point of the grantor losing their mental abilities. The following can be accomplished within the document:
Naming an agent (and a successor agent if desired).
Selecting the powers you wish to assign to the agent (concerning the principal’s property, banking, personal maintenance, etc.)
Establishing any special instructions that may limit or extend the authority granted.
Subsequent to supplying these details within the form, the conveying party will be demanded, by law, to sign in the presence of two (2) witnesses and a notary public in order to secure a legally sound document.