Quick Summary:   Many Florida residents assume listing a "Transfer on Death" (TOD) or "Payable on Death" (POD) beneficiary protects their accounts from probate. However, if your financial institution merges or transfers your account to a new company, the original beneficiary paperwork can get lost. Without written confirmation from the new institution, your heirs may be forced into probate even if your monthly statements list them as beneficiaries. We are noticing an alarming

A durable power of attorney (POA) is a vital estate planning tool that allows you, the principal, to appoint an agent to manage your affairs if you become incapacitated. This document can cover tasks like banking, selling real estate, signing contracts, or applying for government benefits. However, a poorly drafted POA can lead to significant issues. Common pitfalls include vague language, such as broad catch-all clauses that financial institutions or title companies may reje