Must I give my agent full power over all my property?

In a power of attorney, you can decide what powers your agent that you’ve designated has for you. You do not have to give all the powers to that person. However, in effective elder law planning, you will want to give the particular powers, what are called special powers under the Florida statutes regarding durable power of attorneys, in order to plan for Medicaid benefits and veterans benefits should you not be here to do that for yourself. The recommendation is you appoint a person who is trusted, and you give them as many powers as you trust them with. The recommendation generally is to give them all the powers. They can provide you effective elder law planning for government benefits, should you need them in the future.