A Tampa Florida General Power of Attorney — Finances anPropertyrt— - Nondurable is a legal document that grants someone the authority to make financial and property decisions on behalf of another person, known as the principal. This power of attorney is "nondurable," which means it becomes invalid if the principal becomes mentally incapacitated or passes away. There are a few different types of Tampa Florida General Power of Attorney — Finances anPropertyrt— - Nondurable, categorized based on the specific scope and duration. Some common types include: 1. Limited Power of Attorney: This type grants authority to the designated person to handle only specific financial and property matters outlined in the document. It may give them the power to manage the principal's bank accounts, pay bills, or buy/sell real estate. The authority is limited to the specified areas of responsibility. 2. Springing Power of Attorney: Unlike a traditional power of attorney, this type only comes into effect when a specific condition is met, typically the principal's incapacity. It gives the designated person the authority to handle the principal's finances and property only during their incapacitation. 3. General Power of Attorney: This type grants broad authority to the designated person to make financial and property decisions for the principal. It typically includes managing bank accounts, paying bills, managing investments, buying/selling property, and handling other financial matters. The authority remains in effect until the principal revokes it or becomes mentally incapacitated. Regardless of the specific type, a Tampa Florida General Power of Attorney — Finances anPropertyrt— - Nondurable is a valuable legal tool that allows someone to appoint a trusted individual to handle their financial and property matters when they are unable to do so themselves. It is crucial to consult with an attorney when creating this document to ensure all legal requirements are met and the document accurately reflects the principal's wishes.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.