Oct 18, 2011
BY STEVEN D. BERES
As of October 1, 2011, Florida law concerning powers of attorney has been extensively revised. Florida residents with existing powers of attorney should take note of the effect of the new law on existing powers of attorney and also consider updating their powers of attorney to take advantage of additional planning opportunities which are now available.
Powers of attorney signed before October 1, 2011, continue to be effective. However, it is important to note that the new law may impact on your existing power of attorney in the following respects:
Even though existing powers of attorney remain effective, you should consider updating your power of attorney to increase its utility under the new law. Here are some reasons:
Please contact me if you have questions concerning Florida’s new power of attorney law.
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