Florida Durable Power of Attorney to Execute Oil and Gas Lease
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Florida law gives the option to create a ?durable? power of attorney, which remains effective even if the principal becomes incapacitated?reducing the potential need for a court-appointed guardian.
An original power of attorney may be required to be recorded into the Official Records if it is relied upon to affect title to real property. Please seek legal advice regarding use of a power of attorney or review Florida Statute 709 Part II.
How much does a Power of Attorney cost in Florida? The fees associated with working with an attorney to create a Power of Attorney can total anywhere between $200 and $500, based on your location.
Execution requirements In order to be effective, a Florida power of attorney must be signed by the principal and by two witnesses, and be notarized. In the event the principal is physically unable to sign, the notary public may sign the principal's name on the document.
In Florida, you don't have to hire a lawyer to create your power of attorney ? you can do it yourself, saving you time and money. As long as you follow Florida's requirements, any POA you create is just as legal as one drafted by a lawyer.
To have a durable power of attorney, you should include the following words or something similar to show the intent to make the document ?durable?: ?This durable power of attorney is not terminated by subsequent incapacity of the principal except as provided in chapter 709, Florida Statutes.? See Florida Statute § ...
The POA cannot transfer the responsibility to another Agent at any time. The POA cannot make any legal or financial decisions after the death of the Principal, at which point the Executor of the Estate would take over. The POA cannot distribute inheritances or transfer assets after the death of the Principal.
An original power of attorney may be required to be recorded into the Official Records if it is relied upon to affect title to real property. Please seek legal advice regarding use of a power of attorney or review Florida Statute 709 Part II.
