Thursday, October 20, 2011

Going To Florida? Better Review Your Estate Plan First!

The good news, a trip to Florida is in your plans. The other news? You may want to have your estate plan reviewed before you go!

The New Florida Power of Attorney Law

As of October 1, 2011, Florida rocked the legal world by adopting one of the strictest Power of Attorney laws in the U.S. See, Florida Statutes, ss. 709.2101-709.2402.
This new law will definitely affect you even if you are just traveling through or visiting Florida.

The new Florida requirements may make your existing Powers of Attorney obsolete if you are in Florida and get sick or injured. Clients of our firm already have compliant documents for Florida, however, if you are considering traveling to Florida, it's time for a review meeting.

How To Protect Yourself:

1. If you have a Power of Attorney, call your attorney and schedule a review.

2. If you don't have a Power of Attorney, call your estate planning attorney and consider getting one that will be compliant in your State and in Florida.

3. Make sure your Powers of Attorney do NOT contain "springing powers" as these are now illegal in Florida.

There are several articles below that provide you with information about how you can protect yourself and family with a financial and health care Power of Attorney. I encourage you to review these articles if you don't already have a Power of Attorney.

These steps can be important if you will be traveling to Florida or spending any time there at all. If you have questions about how this may affect your or a family member, please give me a call and we can discuss further.

I hope you enjoy our articles and encourage to join our conversation with questions or comments. As always, thank you for your interest.

Bernie Greenberg

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