FLORIDA POWER OF ATTORNEY

Transcription

1 State of Florida Rev. 133C89C FLORIDA POWER OF ATTORNEY I. DESIGNATION OF AGENT I, WILLIAM R EDWARDS, residing at 4170 Franklin Avenue, Orlando, FL 78412, appoint the following individual as my agent (attorney-in-fact): Mary N Gordon Agent s Full Name 4257 Liberty Street Agent s Street Address Miami FL City State Zip Code (214) Agent s Phone Number II. GRANT OF GENERAL AUTHORITY I grant my agent and any successor agent general authority to act for me with respect to the following subjects as defined in the Florida Power of Attorney Act, chapter 709 of the Florida Statutes: Real Estate To sell, exchange, convey with or without covenants, representations, or warranties, quitclaim, release, surrender, retain title for security, encumber, partition, consent to partitioning, subject to an easement or covenant, subdivide, apply for zoning or other governmental permits, plat or consent to platting, develop, grant an option concerning, lease, sublease, contribute to an entity in exchange for an interest in that entity, or otherwise grant or dispose of an interest in real property or a right incident to real property. To pledge or mortgage an interest in real property or right incident to real property as security to borrow money or pay, renew, or extend the time of payment of a debt of the principal or a debt guaranteed by the principal. To manage or conserve an interest in real property or a right incident to real property owned or claimed to be owned by the principal, including, insuring against liability or casualty or other loss; obtaining or regaining possession of or protecting the interest or right by litigation or otherwise; paying, assessing, compromising, or contesting taxes or assessments or applying for and receiving refunds in connection with them; and purchasing supplies, hiring assistance or labor, and making repairs or alterations to the real property. Tangible Property Power of Attorney (Rev. 133C89C) 1 / 8

2 To demand, buy, receive, accept as a gift or as security for an extension of credit, or otherwise acquire or reject ownership or possession of tangible personal property or an interest in tangible personal property. To release, assign, satisfy, or enforce by litigation or otherwise, a security interest, lien, or other claim on behalf of the principal, with respect to tangible personal property or an interest in tangible personal property. To manage or conserve tangible personal property or an interest in tangible personal property on behalf of the principal, including: insuring against liability or casualty or other loss; obtaining or regaining possession of or protecting the property or interest, by litigation or otherwise; paying, assessing, compromising, or contesting taxes or assessments or applying for and receiving refunds in connection with taxes or assessments; moving the property from place to place; storing the property for hire or on a gratuitous bailment; and using and making repairs, alterations, or improvements to the property; and using and making repairs, alterations, or improvements to the property. Stocks and Bonds To buy, sell, and exchange stocks. To establish, continue, modify, or terminate an account with respect to stocks and bonds. To execute stock powers or similar documents on behalf of the principal and delegate to a transfer agent or similar person the authority to register any stocks, bonds, or other securities into or out of the principal s or nominee s name. Commodities and Options To buy, sell, exchange, assign, settle, and exercise commodity futures contracts and call or put options on stocks or stock indexes traded on a regulated option exchange. To establish, continue to modify, and terminate option accounts. Banks and Other Financial Institutions To establish, continue, modify, or terminate an account or other banking arrangement with a financial institution. To receive statements of account, vouchers, notices, and similar documents from a financial institution and act with respect to them. To apply for, receive, and use debit cards, electronic transaction authorizations, and traveler s checks from a financial institution. To consent to an extension of the time of payment with respect to commercial paper or a financial transaction with a financial institution. Investments Transactions To buy, sell, and exchange investment instruments. To pledge investment instruments as security to borrow, pay, renew, or extend the time of payment of a debt of the principal. To exercise voting rights with respect to investment instruments in person or by proxy, enter into voting trusts, and consent to limitations on the right to vote. Operation of Business or Entity To enforce the terms of an ownership agreement. To exercise in person or by proxy, or enforce by litigation or otherwise, a right, power, privilege, or option the principal has or claims to have as the holder of stocks and bonds. Power of Attorney (Rev. 133C89C) 2 / 8

3 With respect to an entity or business owned solely by the principal, to determine the location of its operation, the nature and extent of its business, the methods of manufacturing, selling merchandising, financing, accounting, and advertising employed in its operation, the amount and types of insurance carried, and the mode of engaging, compensating, and dealing with its employees and accountants, attorneys, or other advisors. Insurance and Annuities To continue, pay the premium or make a contribution on, modify, exchange, rescind, release, or terminate a contract procured by or on behalf of the principal which insures or provides an annuity to either the principal or another person, whether or not the principal is a beneficiary under the contract. To apply for and receive a loan secured by a contract of insurance or annuity. To change the manner of paying premiums on a contract of insurance or annuity. To apply for and procure a benefit or assistance under a statute or regulation to guarantee or pay premiums of a contract of insurance on the principal's life. Estates, Trusts, and Other Beneficial Interests To reject, renounce, disclaim, release, or consent to a reduction in or modification of a share in or payment from an estate, trust, or other beneficial interest. To exercise for the benefit of the principal a presently exercisable general power of appointment held the principal. To transfer an interest of mine in real property, stocks and bonds, accounts with financial institutions or securities intermediaries, insurance, annuities, and other property to the trustee of a revocable trust created by the principal as a settlor. Claims and Litigation To assert and maintain before a court or administrative agency a claim, claim for relief, cause of action, counterclaim, offset, recoupment, or defense, including an action to recover property or other thing of value, recover damages sustained by the principal, eliminate or modify tax liability, or seek an injunction, specific performance, or other relief. To bring an action to determine adverse claims or intervene or otherwise participate in litigation. To make or accept a tender, offer a judgment, or admission of facts, submit a controversy on an agreed statement of facts, consent to examination, and bind the principal in litigation. To waive the issuance and service of process upon the principal, accept service of process, appear for the principal, designate persons upon which process directed to the principal may be served, execute and file or deliver stipulations on the principal's behalf, verify pleadings, seek appellate review, procure and give surety and indemnity bonds, contract and pay for the preparation and printing of records and briefs, receive, execute, and file or deliver a consent, waiver, release, confession of judgment, satisfaction of judgment, notice, agreement or other instrument in connection with the prosecution, settlement, or defense of claim or litigation. Personal and Family Maintenance To perform the acts necessary to maintain the customary standard of living of the principal, the principal's spouse, and the following individuals, whether living when the power of attorney is executed or later born: the principal's children; other individuals legally entitled to be supported by the principal; and the individuals whom the principal has customarily supported or indicated the intent to support. To provide living quarters for the principal, the principal's spouse, and the following individuals, whether living when the power of attorney is executed or later born: the principal's children; other Power of Attorney (Rev. 133C89C) 3 / 8

4 individuals legally entitled to be supported by the principal; and the individuals whom the principal has customarily supported or indicated the intent to support, by purchase, lease, or other contract; or by paying the operating costs, including interest, authorization payments, repairs, improvements, and taxes, for premises owned by the principal or occupied by those individuals. To provide normal domestic help, usual vacations and travel expenses, and funds for shelter, clothing, food, appropriate education, including postsecondary and vocational education, and other current living costs for the principal, the principal's spouse, and the following individuals, whether living when the power of attorney is executed or later born: the principal's children; other individuals legally entitled to be supported by the principal; and the individuals whom the principal has customarily supported or indicated the intent to support. To pay expenses for necessary health care and custodial care on behalf of the principal, the principal's spouse, and the following individuals, whether living when the power of attorney is executed or later born: the principal's children; other individuals legally entitled to be supported by the principal; and the individuals whom the principal has customarily supported or indicated the intent to support. Benefits from Governmental Program or Civil or Military Service To execute vouchers in my name for allowances and reimbursements payable by the United States or a foreign government or by a state or subdivision of a state to me, including allowance and reimbursements for transportation of me, my spouse, my children, others legally entitled to supported by me, and individuals whom I have customarily supported or indicated the intent to support, and for shipment of their household effects; To take possession and order the removal and shipment of property of mine from a post, warehouse, depot, dock, or other place of storage or safekeeping, either governmental or private, and execute and deliver a release, voucher, receipt, bill of lading, shipping ticket, certificate, or other instrument for that purpose; To enroll in, apply for, select, reject, change, amend, or discontinue, on princiapl s behalf, a benefit or program; Retirement Plans To select the form and timing of payments under a retirement plan and withdraw benefits from a plan. To establish a retirement plan in the principal's name. To borrow from, sell assets to, or purchase assets from a retirement. Taxes To prepare, sign, and file federal, state, local, and foreign income, gift, payroll, property, Federal Insurance Contributions Act, and other tax returns, claims for refunds, requests for extension of time, petition regarding tax matters, and any other tax-related documents, including receipts, offers, waivers consents, including consents and agreement under Internal Revenue Code Section 2032A, 26 U.S.C. Section 2032A, as amended, closing agreements, and any power of attorney required by the Internal Revenue Service or other taxing authority with respect to a tax year upon which the statute of limitations has not run and the following 25 tax years. To exercise any election available to the principal under federal, state, local, or foreign tax law. III. LIMITATION ON AGENT S AUTHORITY Power of Attorney (Rev. 133C89C) 4 / 8

5 An agent that is not my ancestor, spouse, or descendant MAY NOT use my property to benefit the agent or a person to whom the agent owes an obligation of support unless I have included that authority in this power of attorney. My agent is entitled to reimbursement of reasonable expenses. My agent is entitled to compensation. IV. EFFECTIVE DATE This power of attorney is effective immediately. This durable power of attorney is not terminated by my subsequent incapacity, except as provided in chapter 709, Florida Statutes. V. RELIANCE ON THIS POWER OF ATTORNEY Any person, including my agent, may rely upon the validity of this power of attorney or a copy of it unless that person knows it has terminated or is invalid. VI. SIGNATURE AND ACKNOWLEDGMENT September 19, 2018 Principal Signature Date William R Edwards Principal Name WITNESSES I am 18 years of age or older, am not the individual who signed the power of attorney on behalf of and at the direction of the principal, am not the agent designated in the power of attorney or the notary public or other person authorized by law to take acknowledgments before whom the power of attorney is acknowledged. September 19, 2018 First Witness Signature Date Power of Attorney (Rev. 133C89C) 5 / 8

6 Delia E Arsenault First Witness Name September 19, 2018 Second Witness Signature Date John B Vickery Second Witness Name Power of Attorney (Rev. 133C89C) 6 / 8

7 State of Florida County of NOTARY ACKNOWLEDGMENT The foregoing instrument was acknowledged before me this 19 day of September, 2018, by William R Edwards, who signed with a mark in the presence of these witnesses: Delia E Arsenault and John B Vickery. Signature of Notary My commission expires: Personally Known OR Produced Identification Type of Identification Produced: Power of Attorney (Rev. 133C89C) 7 / 8

8 IMPORTANT INFORMATION This power of attorney authorizes another person (your agent) to make decisions concerning your property for you (the principal). Your agent will be able to make decisions and act with respect to your property (including your money) whether or not you are able to act for yourself. The meaning of authority over subjects listed on this form is explained in the Florida Power of Attorney Act, chapter 709 of the Florida Statutes. This power of attorney does not authorize the agent to make health-care decisions for you. You should select someone you trust to serve as your agent. Unless you specify otherwise, generally the agent s authority will continue until you die or revoke the power of attorney or the agent resigns or is unable to act for you. Your agent is entitled to reasonable compensation unless you state otherwise in the Special Instructions. This form provides for designation of one agent. If you wish to name more than one agent you may name a coagent in the Special Instructions. Coagents are not required to act together unless you include that requirement in the Special Instructions. If your agent is unable or unwilling to act for you, your power of attorney will end unless you have named a successor agent. You may also name a second successor agent. This power of attorney becomes effective immediately unless you state otherwise in the Special Instructions. If you have questions about the power of attorney or the authority you are granting to your agent, you should seek legal advice before signing this form. Power of Attorney (Rev. 133C89C) 8 / 8

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10 GENERAL INSTRUCTIONS WHAT IS A POWER OF ATTORNEY? A Power of Attorney is a written document that officially recognizes a legally binding relationship between two parties-- a Principal and an Agent. The Agent is given power to manage the personal, business, or legal affairs of the Principal. Further, the Agent has a fiduciary duty to act in the Principal s best financial interest and in accordance with their wishes. A simple Power of Attorney will identify the following basic elements: - Agent(s): someone responsible and trusted to act on another person s behalf - Principal: the person wanting assistance with personal, business, or legal matters - Grant of Authority: the Agent has general or specific authority to take certain actions - Effective Date: when the Power of Attorney begins, usually immediately - Signatures: the Principal and a Notary must sign the Power of Attorney WHEN IS IT NEEDED? Power of Attorneys or POAs are commonly used when someone wants the peace of mind that their financial or health decisions will be made by someone they trust. You may need a Power of Attorney if you are: - Over the age of 18 years old - Military personnel being deployed overseas - Traveling abroad for an extended period of time - Diagnosed with a chronic condition or life threatening illness - Growing wiser and older but concerned about your current health - Married and want your spouse to have legal authority over property you own - Engaged in a high risk profession (i.e. emergency firefighter or member of police force) WHAT KIND OF GENERAL POWERS CAN YOU GIVE YOUR AGENT? Some of the general powers you can grant to your Agent include managing the following: real property, tangible personal property, stocks and bonds, commodities and options, banks and other financial institutions, insurance, estates and trusts, and operation of businesses. WHAT KIND OF MATTERS CAN A POWER OF ATTORNEY CONTROL? A Power of Attorney can be used to handle non-medical matters (i.e. Financial Power of Attorney) or health care decisions (i.e. Health Care Power of Attorney). Most individuals have a separate Power of Attorney for general matters and health care issues. Many states, however, combine the a Living Will and Power of Attorney into one advance directive form. A Power of Attorney for Health Care allows you to name your health agent, someone who will make health decisions for you if you cannot. Your health care agent will also ensure that your health care providers give you the care you wish to receive. You can also require that your health care agent communicate in any manner with you about any specific proposed health care. For example, you may still be able to communicate by blinking your eyes. WHAT HAPPENS IF I DO NOT HAVE A POWER OF ATTORNEY? Without a Power of Attorney, even if you have a spouse, the court may need to step in and appoint a guardian or conservator for you if you ever become incapacitated. The process of appointing a guardian is costly and requires the guardian to formally report your situation to the court each year. CNN Money estimates that the process of obtaining a court appointed guardian exceeds $1,000. Instead, a Power of Attorney allows you to take back control and proactively choose who YOU want to represent your best interests. Power of Attorney (Rev. 133C89C)