The New Power of Attorney Law and How It Affects You, Part 3 of 3

In my last two blogs, I have discussed Florida's relatively new Power of Attorney law and the important steps you must take to make sure you are protected.

Even though your older POA documents were grandfathered in by the new law, it is still important to update your Power of Attorney document.  Some financial institutions will be hesitant to work with the old law. To keep your financial institution satisfied that you have covered all of your bases, make sure that your Power of Attorney agent’s authority to conduct banking transactions is initialed or signed.  Bank tellers do look for initialed provisions and question those that are not.  This could lead to delays, which is something you want to avoid whenever possible when conducting financial affairs.

To summarize what you can do to make sure you are protected when dealing with a Power of Attorney:
1. Be aware of reasons for new law
2. Know that POAs are now more intricate and comprehensive
3. Know that it will take more time to get done.

If I can assist you further with your Power of Attorney or Durable Power of Attorney needs, please don't hesitate to contact me.