How Often Should I Update My Durable Power of Attorney?

Video Summary
How often should I update my durable power of attorney? You should update it any time that you want to change, who you want to serve as your agent, under your power of attorney. Also you may choose to update it every three to five years, and that during the past three to five years, they’ve changed the power of attorney statute in Florida under the new power of attorney statute. You’re giving your agent so can give your agent the authority to help qualify you for Medicaid. Also deal with your retirement accounts and other, estate planning documents. So that’s whenever you may wish to update. I’ve encountered some problems with banks or other folks that deal with, powers of attorney when you present them. Even though they are legally valid, if they’re old, they may not accept them. And of course, that’s the whole purpose of giving. the power of attorney is to facilitate, the signature, particularly if the person who gave it, to the agent has become incapacitated, you would not want it to be rejected. So, you just, as a practical matter, you may want to update your power of attorney every three to five years, or it at such time as if you wish to change your agent or your agent passes away. If you have any questions, give me a call at (727) 847-2288.