Power of Attorney

A Level Academy Islamabad

Transcript

00:00There's something about the word power that is so, well, powerful.

00:05Just ask those who wield it.

00:07They'll tell you.

00:08There's a lot that comes with having power.

00:11One type of power that has substantial ramifications is the power of attorney.

00:15A power of attorney is a written document where one person appoints another person to

00:20act as an agent on their behalf.

00:22The person appointing the power to the agent is called the principal, and by doing this,

00:27the principal gives the agent authority to perform certain functions or acts for them.

00:33The specific authority a power of attorney grants depends on the specific language in

00:37the document itself.

00:39This can be giving someone final say over things like financial matters, health care

00:43decisions, legal choices, or even the sale of a boat.

00:48Power of attorney can also allow the agent access to bank accounts or personal files

00:52and the ability to sign contracts.

00:55For a power of attorney to be valid in the state of Florida, it needs to be signed by

00:59the principal with two witnesses and an acknowledgment from a notary, though there are exceptions

01:05regarding military powers of attorney and out-of-state powers of attorney.

01:10One special type of power of attorney is called durable power of attorney.

01:15These contain special language to make sure that they survive the incapacity of the principal.

01:21Most powers of attorney granted today are durable.

01:24LegalYou provides free, automated forms for you to use to create your own power of attorney,

01:30fast and easy.

01:31And LegalYou attorneys are always a phone call away to answer any questions you may

01:35have about these important documents.

01:38LegalYou, you can do this.