If you don’t have an up-to-date New York Durable Power of Attorney, you do not have a complete estate plan.

 

If you become incapacitated, the consequences of not having a valid NY Power of Attorney can be severe and a Guardian may need to be appointed to handle your day-to-day affairs.  Guardianship proceedings are expensive time-consuming court proceedings.

 

You need a NY Durable Power of Attorney in place so that your attorney in fact can handle basic transactions for you when you cannot.

 

An agent working under a valid power of attorney can:

 

• Ensure that your regular bills are paid
• Handle banking transactions for you
• Communicate with State and local agencies on your behalf
• Take steps to preserve, protect and or sell real property and other assets
• Engage in tax planning
• Engage in long-term care planning

And much, more…

 

The rules regarding New York Durable Powers of Attorney have changed multiple times recently.

 

If you don’t have a valid power of attorney or if you have not had yours reviewed in the past few years, call us today for a free estate planning consultation.