Limited Power of Attorney Documents Available From St. Petersburg Attorney

David P. Folkenflik is a St. Peterburg attorney who can help area residents determine whether or not a limited power of attorney is right for their estate plan.
 
 
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ST. PETERSBURG, Fla. - June 24, 2014 - PRLog -- Although many St. Petersburg residents have probably heard the term “power of attorney” before, the details surrounding this legal document are likely quite foreign to most people. If you believe you may benefit from establishing a power of attorney but are unsure of how these legal instruments are used, the following discussion may be helpful.

Types of Powers of Attorney

First and foremost, it is important to note that powers of attorney can vary. The two general categories of these types of documents are:

1. General – This is the broadest type, granting the designated agent the ability to act on the principal’s behalf in nearly every kind of financial or legal transaction.

2. Limited – Under a limited power of attorney, the agent only has authority to engage the principal in legal agreements in certain, specific scenarios.

These documents are also often designed to be durable, which means that they will continue to be valid even if the principal becomes incapacitated.

Seek Legal Guidance Prior to Signing a Power of Attorney

The decision to create a general or limited power of attorney should not be taken lightly, as these agreements carry serious legal ramifications. Those who are looking for a local St. Petersburg lawyer to help them establish such documents may want to contact the Law Offices of David P. Folkenflik (http://www.flwillstrusts.com/). The attorneys at this firm will not only provide you with professional guidance in drafting these agreements, but they will also make sure that you understand every aspect of the agreement prior to signing.

About The Law Offices Of David P. Folkenflik, P.A.

David P. Folkenflik, PA, is a St. Petersburg law firm handling Estate Planning and Probate Law matters in Florida. They help clients formulate effective Estate Plans by preparing Wills, Trusts, Powers of Attorney, and Health Care Surrogate Designations. The firm's probate lawyers handle Trust Administrations and assist Personal Representatives and Trustees during the probate process in St. Petersburg, Pinellas Park, Largo, Seminole, Dunedin, Palm Harbor, Clearwater, Tierra Verde, St. Pete Beach, Indian Rocks, Belleair, and throughout the state of Florida. Visit www.flwillstrusts.com or call (727) 548-4529 to learn more about the firm.

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David P. Folkenflik, P.A.
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Tags:Limited Power Of Attorney
Industry:Legal
Location:St. Petersburg - Florida - United States
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