What Exactly Is POA?
While you may be healthy and young right now, it’s important not to ignore asking the question “do I need a will?” It’s imperative to understand the strength and power of documents like a trust or power of attorney. These documents are designed to protect you and / or those you love.
A power of attorney is a legal document that gives someone, identified as the principal, the authority to act on your behalf in medical, legal and financial matters.
A power of attorney is used in the unfortunate event that you’re incapacitated to the degree that you can not handle your own affairs. Additionally, there is some terminology you should be familiar with If you decide to prepare a power a attorney,:
The following are ways an agent can act on a principal’s behalf, according to a power of attorney:
You can give a lot of power to your agent, so make sure you think it through. Take the time to select the right person and decide how much authority you will grant them via your drafted power of attorney.
If you have questions about New York laws, we can help. Contact the office of Hall, Ricketts, Schuller & Gurbacki, P.C. online or call 716-652-0828 for experienced, ethical, understanding and responsive assistance with all your legal needs in the greater Buffalo, NY area.
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