What is a Durable Power of Attorney?
Speaker 1: The word "durable" means that should you become incapacitated, the power of attorney still has a legal authority. And of course, you want it to have legal authority if you become unable to handle your own personal care, or property. In Florida, the power of attorney can be a simple power of attorney, such as just allowing somebody to do banking for you, or a closing. But usually a power of attorney contains very many powers, including the power to sign contracts, the power to apply for public benefits, the power to sell real estate, the power to sign trusts, which are very important in Medicaid planning, and the power of attorney must be drafted properly for it to be able to be used in situations such as Medicaid planning.