Durable Power of Attorney

Many estate planning tools and terminology are foreign to the average person. There is one estate planning tool, however, that most people are familiar with – a Power of Attorney. You may already have a Power of Attorney in place, or you may be named as an Agent in a Power of Attorney (POA) executed by someone else. Either way, you likely have some idea what can be accomplished with a POA. You may not, however, know what a durable POA is. To shed some light on the subject, the Long Island …

When creating an estate plan, a power of attorney should often be an essential part of this plan. By creating a power of attorney, you can save your family from a difficult situation if you become incapacitated. You can also make sure that your property and assets are carefully managed if you cannot manage them on your own, and you can take more control over your own future so you still have some level of autonomy even when your health issues make it impossible for you to communicate or make …

It is possible to prevent a guardianship and name your own hand-picked decision-makers through the creation of a legally binding document called a durable power of attorney. You have probably heard of powers of attorney, but you may wonder what the “durable” designation is all about. A standard power of attorney that is not designated as durable would not remain in effect if the grantor (the person granting the power) was to become incapacitated. A durable power of attorney does remain effective …

Should I Have a Durable Power of Attorney in New York from Mark Eghrari If you take no action in advance, the state could be petitioned to appoint a guardian to act on your behalf If a guardianship hearing is convened, you would have no control over the choice of guardian. Learn more about durable power of Attorney in New York in this presentation. …