The Miller Elder Law Firm explains what a power of attorney is.
“Power of attorney is a document that is so powerful. We say that you only should sign a power of attorney if you trust the person you’re naming 110 percent, because what it does…as soon as you sign a power of attorney, it’s effective immediately.
In Florida, we no longer have a springing power of attorney. That was taken away in October 2011. As soon as you sign a power of attorney it’s immediately effective and it grants power as broad or as narrow as you give, but it can be extremely broad. It can allow the person to manage every financial decision that you can manage.”