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Which power of attorney do you need?

On Behalf of | May 10, 2024 | Estate Planning

One of the benefits of the Florida estate planning process is that you can customize your plan to meet your needs. For example, if you do not have minor children, there is no need for you to designate guardians as part of your last will. In some cases, several documents might be useful to help you accomplish a specific goal, such as granting a power of attorney.

You can sign a medical or financial power of attorney, which means that someone will gain authority to make decisions regarding those issues on your behalf if you are incapacitated. You might want to designate a different individual to make financial decisions for you. On the other hand, if you opt for a general durable power of attorney, it grants authority to make all decisions, not just the ones associated with a specific topic.

Ask which power of attorney you need

If you do not have a legal background in estate planning, it is helpful to seek guidance before executing a plan. Many issues are complex, especially if you have a high net-worth value in your estate. Therefore, it is always best to consider recommendations made by someone who is experienced in the estate planning process.

At Lyons Beaudry Harrison, Florida parties who are interested in learning more about estate planning can schedule a consultation. Perhaps you have questions about power of attorney, executor’s duties or other planning issues. A first step toward finding answers is to meet with an experienced attorney.