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Definition. An agent authorized to act on behalf of another person, but not necessarily authorized to practice law, e.g. a person authorized to act by a power of attorney. An attorney in fact is a fiduciary. Also known as attorney in fact or private attorney.
If you have executed a Durable Power of Attorney, then you have signed a document appointing a person to make financial decisions on your behalf. The document is called a Power of Attorney, and the person named to make decisions on your behalf is called an Attorney-in-Fact (otherwise known as an Agent).
In Florida, a power of attorney must be signed before two witnesses and a notary public to be considered a legal, binding document.Again, a durable power of attorney lets someone act on your behalf if you cannot due to mental incapacity.
Execution Requirements In order to be effective, a Florida power of attorney must be signed by the principal and by two witnesses, and be notarized.
Does a power of attorney need witnesses or a notary? A power of attorney must be signed by the principal and by two witnesses to the principal's signature, and a notary must acknowledge the principal's signature for the power of attorney to be properly executed and valid under Florida law.
A Power of Attorney, like a Trust, does not need to be registered or recorded in the public records in order to be effective. It does have to be in writing, signed, witnessed and notarized.
In many states, notarization is required by law to make the durable power of attorney valid. But even where law doesn't require it, custom usually does. A durable power of attorney that isn't notarized may not be accepted by people with whom your attorney-in-fact tries to deal.
You can draft a durable power of attorney by writing out or typing the document, which should include the date, your full name, and speech that clearly identifies the document as a durable power of attorney that applies even in the case of your incapacitation.