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.
A Miami-Dade Florida General Power of Attorney is a legal document that grants broad powers to an individual, known as the agent or attorney-in-fact, to act on behalf of another person, referred to as the principal. This legal arrangement allows the agent to make decisions and take actions on behalf of the principal in various matters, including legal, financial, and personal affairs. The Miami-Dade General Power of Attorney gives extensive authority to the agent, allowing them to handle a wide range of matters on behalf of the principal. These may include managing bank accounts, buying or selling real estate, filing tax returns, making healthcare decisions, signing contracts, and managing investments. The agent is obligated to act in the best interests of the principal and follow their instructions, as outlined in the Power of Attorney document. It is important to note that the Miami-Dade Florida General Power of Attorney can be revoked or modified by the principal at any time, as long as they are of sound mind and mentally capable of making such decisions. The Power of Attorney can also specify a specific duration for its validity, such as a fixed period or until a specific event occurs. In addition to the general Power of Attorney, there are other types worth mentioning: 1. Limited Power of Attorney: This is a narrower form of Power of Attorney that grants the agent specific powers for a particular purpose or a specific period. It may be used, for example, if the principal is unable to attend a real estate closing and grants the agent the authority to sign on their behalf. 2. Durable Power of Attorney: In Miami-Dade Florida, a Durable Power of Attorney remains valid even if the principal becomes incapacitated or mentally incompetent. It ensures that the agent's authority continues to be effective even if the principal is unable to make decisions for themselves. 3. Springing Power of Attorney: This type of Power of Attorney becomes effective only when a specific event or circumstance occurs, as stated in the document. For example, it may come into effect if the principal is declared mentally incompetent by a medical professional. Creating a Miami-Dade Florida General Power of Attorney is a significant legal step that requires careful consideration. It is advisable to consult with an experienced attorney who can guide you through the process and ensure that all relevant laws and requirements are met.A Miami-Dade Florida General Power of Attorney is a legal document that grants broad powers to an individual, known as the agent or attorney-in-fact, to act on behalf of another person, referred to as the principal. This legal arrangement allows the agent to make decisions and take actions on behalf of the principal in various matters, including legal, financial, and personal affairs. The Miami-Dade General Power of Attorney gives extensive authority to the agent, allowing them to handle a wide range of matters on behalf of the principal. These may include managing bank accounts, buying or selling real estate, filing tax returns, making healthcare decisions, signing contracts, and managing investments. The agent is obligated to act in the best interests of the principal and follow their instructions, as outlined in the Power of Attorney document. It is important to note that the Miami-Dade Florida General Power of Attorney can be revoked or modified by the principal at any time, as long as they are of sound mind and mentally capable of making such decisions. The Power of Attorney can also specify a specific duration for its validity, such as a fixed period or until a specific event occurs. In addition to the general Power of Attorney, there are other types worth mentioning: 1. Limited Power of Attorney: This is a narrower form of Power of Attorney that grants the agent specific powers for a particular purpose or a specific period. It may be used, for example, if the principal is unable to attend a real estate closing and grants the agent the authority to sign on their behalf. 2. Durable Power of Attorney: In Miami-Dade Florida, a Durable Power of Attorney remains valid even if the principal becomes incapacitated or mentally incompetent. It ensures that the agent's authority continues to be effective even if the principal is unable to make decisions for themselves. 3. Springing Power of Attorney: This type of Power of Attorney becomes effective only when a specific event or circumstance occurs, as stated in the document. For example, it may come into effect if the principal is declared mentally incompetent by a medical professional. Creating a Miami-Dade Florida General Power of Attorney is a significant legal step that requires careful consideration. It is advisable to consult with an experienced attorney who can guide you through the process and ensure that all relevant laws and requirements are met.
