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I live in Cape Coral. Why should I have a power of attorney as part of my estate plan?

 

A:

There are several reasons why you should assign power of attorney as part of your Florida estate planning. As you age, the risk of mental clarity diminishing increases. Also, a health crisis could strike at any time, leaving you unable to pay bills, manage investments and make financial decisions. When you grant someone power of attorney, that person will be allowed to manage your affairs if you become incapacitated. For help, you should schedule a consultation with a North Fort Myers attorney.

The person you grant power of attorney to will be known as your agent. This individual or organization will have the authority to sign your name and handle fiduciary duties according to your pre-determined wishes.

Florida Estate Planning: Common Forms of Power of Attorney

The common powers of attorney that you should be aware of are springing power of attorney and durable power of attorney. The springing type generally goes into effect when you become incapacitated, unless otherwise specified, and medical documentation will be needed to prove that you are incapacitated. The durable type takes effect immediately with no need for proof that you are incapacitated.

A North Fort Myers attorney can sit down with you and discuss any concerns you have about power of attorney and help you decide which type would be best for you and your finances.

In the event that you become incapacitated without having a power of attorney, a court may appoint a guardian, which may prove to be costly for your family.

Help from a North Fort Myers Attorney is a Just a Phone Call Away

Estate attorney Matthew A. Linde understands firsthand the importance of careful estate planning and the complexities of financial legal matters, such as probate, tax litigation and guardianship. For help with your estate planning concerns, contact our Fort Myers office to schedule a one-on-one meeting with a professional who can answer your questions – 1-239-939-7100 or 1-888-643-6514.


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Fort Myers, FL 33907

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