Watching one's parents get older can be challenging, as many Floridians probably know. It can be especially difficult if they lose the ability to manage their own finances and legal matters on their own. One woman, whose mother was diagnosed with Alzheimer's, learned through first-hand experience what details need to be arranged before a parent loses the ability to make decisions for him or herself.
The Florida Statute (Chapter 709) that addresses powers of attorney was revised substantially by the Florida Legislature's passage of Senate Bill 670 on May 4, 2011. The new statute became effective on October 1, 2011. While the new law does not make a power of attorney properly executed prior to the effective date void, the new statute nevertheless applies to those powers of attorney that were executed prior to the effective date. Therefore, it is important to review existing powers of attorney to understand which terms will be subject to a different set of rules.General Changes: