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Utilizing Powers of Attorney

Fort Myers Estate Planning Attorneys

A power of attorney gives one person ("agent" or "attorney-in-fact") the power to act on behalf of another person (the "principal"). A power of attorney may be considered durable or non-durable. Only a durable power of attorney will be effective even after the principal becomes incapacitated and is unable to manage their affairs, while a non-durable power of attorney will not survive incapacity.

Contact our Fort Myers estate planning lawyer at Your Advocates for the assistance you need!

Why is a durable power of attorney crucial for everyone?

A life changing event can occur at any time. Once such an event occurs and a person suffers a substantial and traumatic health event, it is too late to plan ahead. At that point, an individual who is unable to manage their own daily affairs will be unable to give that ability to another person. Bills may go unpaid, real estate might go un-managed, investments could suffer, and other daily obligations could be left unchecked.

Power of attorney could ensure the care of your important affairs, including:
  • Monthly bills
  • Medical decisions
  • Financial investments
  • Guardianship responsibilities

The only way to prevent this occurrence at minimal cost is with a properly drafted power of attorney. A person may make a durable power of attorney that gives any number of powers or abilities to another individual. Most individuals give their powers of attorney broad powers to act on their behalf in all areas of their personal affairs.

Types of Power of Attorney Available

A principal might not always want to give their attorney-in-fact wide ranging powers over all their affairs. In this instance, a power of attorney may still aid individuals who only want to assign certain powers to their agent. Limited powers of attorney are useful to give just certain limited powers to individuals, which include the ability to execute a contract, sell or purchase real property, or participate in a business transaction.

Do you need an attorney from Your Advocates?

Whether you desire a Durable Power of Attorney or a Limited Power of Attorney, an estate planning attorney is needed to make sure your goals are met. Give yourself piece of mind.

Contact our office today for a free consultation.
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