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Do I need a lawyer to prepare a Power of Attorney? There is no legal requirement that a Power of Attorney be prepared or reviewed by a lawyer. However, if you are going to give important powers to an agent, it is wise to get individual legal advice before signing a complicated form.
One question we often get is, ?When does a power of attorney expire?? The answers largely depends on how the power of attorney is drafted. But as a general rule, a durable power of attorney does not have a fixed expiration date.
A durable power of attorney in Florida can cover financial and medical decisions regardless of the mental or physical health of the principal. However, there are other types of Powers of Attorney that may be appropriate under specific situations.
A durable power of attorney can, in addition to handling all financial decisions, authorize medical care. That includes consent to proceed with or terminate all medical and surgical procedures on your behalf, including an agreement that falls under the Life-Prolonging Procedures Act of Florida.
In order to be effective, a Florida power of attorney must be signed by the principal and by two witnesses, and be notarized. In the event the principal is physically unable to sign, the notary public may sign the principal's name on the document.
How much does a power of attorney cost in Florida? Though a power of attorney can be drafted online and later notarized for less than $100, it is best to consult a lawyer when completing such an important legal document. That being said, the average legal fees range from $250 to $500.
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.
Download and print power of attorney documents from a reputable source, preferably a State of Florida or local municipality website. Fill in the form. Identify two adults to act as witnesses. Find a notary and have both the agent and principal sign the form in front of them.
In order for a Lasting Power of Attorney to be valid and be used by the Attorney it must be registered. With a Property and Affairs Lasting Power of Attorney, once it has been successfully registered it can be used straight away.
A power of attorney must be signed by the principal, 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.