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 Maximize the Benefits of Charitable Gifting in Your Estate Plan - February 14, 2024
- 2024 Medicaid Guidelines for New York Seniors - February 7, 2024
- Young Adults and the Importance of Estate Planning - January 31, 2024