1,959 Downloads

Updated on June 12th, 2023

The Florida General (Financial) Power of Attorney grants someone (known as the “agent” or “attorney-in-fact”) the legal authority to act in the place of the individual bestowing the powers (known as the “principal” or “grantor”). This particular form is designated for powers associated with the principal’s financial affairs, e.g., banking, real & personal property, investments, taxes, benefits, etc. At first glance, this document may seem like it is virtually identical to the durable POA, but when taking a closer look, you will realize that its terms expire upon the incapacitation of the principal party, unlike the durable version which continues to function. To achieve an active POA, the granting party must simply identify their agent (and successor agent if applicable), initial the powers they wish to provide, and sign the instrument as necessitated by law.