Agency is a relationship based on an agreement authorizing one person, the agent, to act for another, the principal. For example an agent may negotiate and make contracts with third persons on behalf of the principal. Actions of an agent can obligate the principal to third persons. Actions of an agent may also give a principal rights against third persons.
An agency can be created for the purpose of doing almost any act the principal could do. However, there are some acts that must be done in person and cannot be done by an agent. Examples would be: testifying in court for another individual, making a will, and voting.
A general agent is authorized by the principal to transact all the affairs of a particular kind of business. For example, a person appointed as manager of a store is a general agent.
A special agent is authorized by the principal to handle a particular business transaction or perform a specific act. For example, a specific power of attorney appointing an agent (attorney-in-fact) to sell a particular piece of real estate or a certain car would be the appointment of a special agent.
A universal agent is authorized by the principal to do any act that can be delegated to a representative. An example would be giving a person a general power of attorney. This form is such a general power of attorney.
Florida General Power of Attorney is a legal document that grants a designated individual or entity, referred to as the agent or attorney-in-fact, the authority to make decisions and act on behalf of another person, known as the principal. This document enables the appointed agent to handle various financial, business, and legal matters for the principal, providing them with a reliable and trusted representative to manage their affairs when they are unable to do so themselves. The Florida General Power of Attorney can encompass a wide range of responsibilities, including but not limited to managing bank accounts, handling real estate transactions, making investment decisions, initiating and settling legal claims, managing business operations, and engaging in tax-related activities. The specific authority granted to the agent can be customized based on the principal's requirements and preferences. In Florida, there are different types of General Power of Attorney that individuals can choose from, based on their specific needs and circumstances: 1. Durable Power of Attorney: This type of POA remains effective if the principal becomes incapacitated or mentally incompetent, ensuring that the agent's authority is in force even if the principal is unable to make decisions for themselves. 2. Non-Durable Power of Attorney: Unlike the durable version, a non-durable Power of Attorney is effective only as long as the principal is mentally competent. If the principal becomes incapacitated, the agent's authority is terminated. 3. Springing Power of Attorney: This type of POA "springs" into effect only when specified conditions or events occur, typically the principal's incapacity. Until that triggering event, the agent does not have the authority to act on behalf of the principal. 4. Limited Power of Attorney: Also known as a specific power of attorney, this type grants the agent the ability to handle specific, designated tasks or transactions on behalf of the principal. The authority is typically limited to a particular timeframe or purpose. 5. Medical Power of Attorney: Although not a General Power of Attorney, the Medical POA empowers the agent to make medical decisions on the principal's behalf when they are unable to do so. It is specifically focused on healthcare-related matters. By establishing a Florida General Power of Attorney, individuals can ensure that their financial and legal affairs are handled smoothly and in accordance with their wishes, especially during times of incapacity or unavailability. It is advisable to consult with an experienced attorney to prepare and customize the appropriate General Power of Attorney that meets one's unique requirements and adheres to Florida state laws.Florida General Power of Attorney is a legal document that grants a designated individual or entity, referred to as the agent or attorney-in-fact, the authority to make decisions and act on behalf of another person, known as the principal. This document enables the appointed agent to handle various financial, business, and legal matters for the principal, providing them with a reliable and trusted representative to manage their affairs when they are unable to do so themselves. The Florida General Power of Attorney can encompass a wide range of responsibilities, including but not limited to managing bank accounts, handling real estate transactions, making investment decisions, initiating and settling legal claims, managing business operations, and engaging in tax-related activities. The specific authority granted to the agent can be customized based on the principal's requirements and preferences. In Florida, there are different types of General Power of Attorney that individuals can choose from, based on their specific needs and circumstances: 1. Durable Power of Attorney: This type of POA remains effective if the principal becomes incapacitated or mentally incompetent, ensuring that the agent's authority is in force even if the principal is unable to make decisions for themselves. 2. Non-Durable Power of Attorney: Unlike the durable version, a non-durable Power of Attorney is effective only as long as the principal is mentally competent. If the principal becomes incapacitated, the agent's authority is terminated. 3. Springing Power of Attorney: This type of POA "springs" into effect only when specified conditions or events occur, typically the principal's incapacity. Until that triggering event, the agent does not have the authority to act on behalf of the principal. 4. Limited Power of Attorney: Also known as a specific power of attorney, this type grants the agent the ability to handle specific, designated tasks or transactions on behalf of the principal. The authority is typically limited to a particular timeframe or purpose. 5. Medical Power of Attorney: Although not a General Power of Attorney, the Medical POA empowers the agent to make medical decisions on the principal's behalf when they are unable to do so. It is specifically focused on healthcare-related matters. By establishing a Florida General Power of Attorney, individuals can ensure that their financial and legal affairs are handled smoothly and in accordance with their wishes, especially during times of incapacity or unavailability. It is advisable to consult with an experienced attorney to prepare and customize the appropriate General Power of Attorney that meets one's unique requirements and adheres to Florida state laws.
