Florida has taken a major stand against abuse and fraud perpetrated on senior and disabled citizens. A week ago, the Protection of Elderly Persons and Disabled Adults Bill was passed; it is headed to the governor for signature. The new law’s effective date would be July 1, 2021. The bill has a myriad of protections for seniors and disabled individuals. Key provisions include:
Florida Cracks Down on Senior Abuse
By Jill Roamer, JD, CIPP/US on May 5, 2021 12:33:00 PM
Elder Law is Scary (and Other Common Myths)
By WealthCounsel, LLC on Apr 30, 2021 12:19:00 PM
With some 10,000 Americans turning 65 every day, elder law practice represents a huge opportunity for attorneys to expand their firms. Despite the growth of this aging demographic, those age 65 and up may still find it difficult to find an attorney to help them when it comes to legal strategies for estate planning, wills, and other needs.
The Case of an Agent that Acts Under a Springing Power of Attorney Before the Principal is Incapacitated
By Jill Roamer, JD, CIPP/US on Apr 28, 2021 12:15:00 PM
As a part of many estate and elder law plans, an elder law attorney will draft a financial power of attorney for a client. The client, as the principal, names another person, an agent, to act on their behalf. The power of attorney can be effective immediately, meaning the agent can act even if the principal has capacity. Or, the power of attorney can be springing, meaning the agent can only act if the principal becomes incapacitated and unable to manage his or her own financial affairs. But what happens if an agent begins to act under the document before the springing provision has been satisfied? Are the agent’s acts legally binding?
In a case out of the Superior Court of Pennsylvania, this issue was litigated. Here, Mercedes had six children. In 2013, she named child Joseph as her agent on a power of attorney form that Joseph had downloaded off the Internet. Therein was a clause that stated Mercedes must be incapacitated or disabled and there must be a physician’s statement to that effect before the power of attorney became effective and Joseph would be able to act. However, Joseph began acting as Mercedes’ agent immediately after signing the document, in routine financial affairs. Mercedes had not been declared incompetent and had not obtained a written physician’s statement.