Durable vs. General Power of Attorney in Florida: Key Differences
Understanding the differences between a durable power of attorney Florida and a general or limited power of attorney is essential for effective estate planning. Each type serves a specific purpose, with unique legal protections, durations, and practical applications. Florida residents benefit from knowing which document suits their needs to ensure finances and healthcare decisions are handled correctly if they cannot act independently. What Is a General Power of Attorney in Florida A general power of attorney Florida grants broad authority to an agent to manage finances, sign contracts, and make business decisions. It is effective only while the principal is mentally competent. Once incapacitated, a general POA becomes void. Key Features of a General Power of Attorney Comprehensive authority over finances and property Terminates if the principal becomes incapacitated Useful for short-term situations, such as travel or temporary business management What Is a Durable Power of Attorn...