Florida Statutory Power of Attorney
Purpose
This Power of Attorney is created to empower the designated agent to manage finances on behalf of the principal. The agent shall have the authority to undertake financial transactions including but not limited to paying bills, managing bank accounts, and investing assets under the best interests of the principal.
I. Appointment of Agent
I, [Your Name], of [Your Company Address], hereby appoint [Agent's Name], of [Agent's Address], as my attorney-in-fact (hereinafter "Agent") to act on my behalf in financial matters as specified herein.
II. Roles and Responsibilities Transferred to the Agent
Financial Management: The agent is authorized to manage all financial affairs of the principal, including but not limited to budgeting, paying bills, and reconciling bank statements.
Banking Transactions: The agent is empowered to conduct all banking transactions on behalf of the principal, including withdrawing funds, depositing checks, and opening or closing accounts as deemed necessary.
Investment Decisions: The agent may make investment decisions on behalf of the principal, including buying, selling, and managing stocks, bonds, mutual funds, real estate investments, and other assets.
Tax Management: The agent is authorized to prepare, file, and sign tax returns and documents on behalf of the principal, as well as represent the principal in any tax matters before relevant authorities.
Legal and Financial Representation: The agent may engage legal and financial professionals, such as attorneys and accountants, to assist in managing the principal's finances, and may make decisions regarding legal proceedings or financial matters on behalf of the principal.
III. Term and Revocation
This Power of Attorney shall remain in effect until the death of the principal unless earlier revoked by me in writing. I reserve the right to revoke this Power of Attorney at any time by providing written notice to the Agent.
IV. Successor Agent
If the Agent is unable or unwilling to act on my behalf, I hereby appoint [Successor Agent's Name], of [Successor Agent's Address], as my successor attorney-in-fact with the same powers and duties as those conferred upon the original Agent.
V. Indemnification
I agree to indemnify and hold harmless the Agent and any successor Agent from any claims, liabilities, damages, costs, or expenses incurred as a result of actions taken or omitted in good faith while acting under this Power of Attorney.
VI. Governing Law
This Power of Attorney shall be governed by and construed under the laws of the State of Florida.
VII. Signature Section
In witness thereof, the undersigned principal and agent hereby execute this Power of Attorney on this [Date].
Principal:
[Your Name]
Agent:
[Agent's Name]
Witness Acknowledgement
We, the undersigned witnesses, attest that the principal signed this Power of Attorney in our presence and that to the best of our knowledge, the principal is of sound mind and under no duress.
Witness 1:
[WITNESS 1 FULL NAME]
[DATE]
Witness 2:
[WITNESS 2 FULL NAME]
[DATE]
Notary Acknowledgement
State of Florida
County of [County Name]
On this day of , 20, before me, a Notary Public in and for said County and State, personally appeared [Your Name], known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged that he/she executed the same for the purposes therein contained.
Witness my hand and official seal.
[NOTARY PUBLIC'S NAME]
My Commission Expires:
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