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 in the event of the incapacitation of the grantor.
Topics covered in this report include:
- Adult Guardianship
- Durable Power of Attorney
- How to Handle the Black Sheep Beneficiary in Your Estate Plan - September 13, 2023
- What Is a New York Durable Power of Attorney? - September 6, 2023
- How to Incorporate Tax Avoidance Strategies into Your New York Estate Plan - August 30, 2023