If you need assistance creating a power of attorney, speak with our New York City lawyer from Meenan & Associates, LLC at your earliest convenience. If you become ill or injured at any point in your life, you may need another individual to assist you with handling your finances. When you create a power of attorney, you will appoint an attorney-in-fact who will be entrusted to pay your bills, collect insurance benefits, and handle all other financial matters.
In the state of New York, the individual you name as the attorney-in-fact will make decisions on your behalf as your agent. You can assign any competent adult as your agent, including the following trusted individuals:
- Your attorney
- Other relative
- Close friend
You can draft your power of attorney in various ways. One step you can take is to have it go into effect as soon as you sign it. If you specify that you want it to be “durable,” it will remain in effect if you become incapacitated. The durable power of attorney will end in the following circumstances:
- You pass away
- You revoke it
- You get a divorce
- A court invalidates the document
- No agent is available
Legal Guidance from Meenan & Associates
We can provide necessary legal representation and help you create a power of attorney. With more than 20 years of experience, our New York City elder law attorney can ensure that all necessary steps are taken. Durable powers of attorney are essential aspects of developing an estate plan, which means that you will want to exercise caution when drafting this document. Our team can help you through this process as well as with your other estate planning needs. Call now!