Some of the most common questions we get at Candela Law Firm surround what a power of attorney can and can’t do in Tampa. Understanding the ins and outs of a power of attorney is essential to ensuring you have the information you need to make an informed decision if and when the time comes.
Candela Law Firm can help you understand all you need to know about powers of attorney, as well as how it can benefit you in your time of need. Here are answers to some of the most common questions we get from Tampa residents.
Question #1: What, exactly, is a power of attorney?
This may be a refresher for some, but the power of attorney is rarely an actual attorney. Rather, the power of attorney is a legal document that grants a person (agent) the power to act on the behalf of another (principal).
The agent can have either broad or limited legal authority that grants them the ability to make decisions impacting the principal. Some of the most common decisions made surround:
- Medical issues
- Financial matters
- Property and assets
Most often, the power of attorney qualification comes when the agent is in a state that prevents them from making the above decisions or other, pressing matters. The power of attorney may also be used in the event that the principal cannot sign any essential legal documents, most commonly for financial transactions or property/asset issues.
Question #2: How long does the power of attorney last?
This question comes most often when the principal’s health is in question; when the principal is in the hospital or hospice, quick, essential decisions must be made to ensure all matters proceed as uninterruptedly as possible.
However, there is no set period for which the length of the power of attorney designation lasts; each lasts on a case-by-case basis to meet the needs of the principal and those impacted by their decisions.
Some common timeframes and circumstances under which the designation may end include:
- The principal’s death or incapacitation
- The principal’s revocation
- A court-mandated invalidation
- If the principal is for any other reason unable to fulfill their role
Question #3: When should I consider a power of attorney?
It’s rarely easy to decide to designate a power of attorney. Not because the process is difficult, but because the circumstances surrounding the need for a power of attorney are often challenging or emotionally difficult. That’s why it’s important to understand the role powers of attorney play well before the need arises.
However, you should consider a power of attorney when you are planning for someone’s long-term health care and considerations. This ensures that if and when the person is no longer able to make decisions for themselves, the power of attorney is in place and can continue to keep matters moving so that you and those impacted by the principal’s condition do not experience any unnecessary difficulties.
In short, it’s best that you plan well in advance for designating a power of attorney. Not only will this make matters easier to navigate when the principal passes or can no longer make decisions themselves, but will give you the peace of mind that you have a plan in place for when the circumstances become more challenging.
Turn to Candela Law Firm for your power of attorney assistance in Tampa
Whether you’ve just begun considering a power of attorney or are in need of one immediately, don’t hesitate to reach out to Candela Law Frim today. We have the experience and dedication you need to make informed, confident decisions. Contact us today to get started.