New York estate planning lawyer Alessandro F. Marra has helped clients and their families draft powers of attorney since founding his firm in 1986. He can help you understand the benefits of using a power of attorney as part of your estate plan.
We will explain your estate planning options and help you develop a strategy to protect your assets and your interests into the future. To learn more about our estate planning services in a free initial consultation, contact us at the Law Offices of Alessandro F. Marra in Brooklyn.
Power of Attorney as Part of Your Estate Plan
A power of attorney can allow you to appoint a loved one to make decisions and sign important documents for you in situations where you are unable to make the decisions yourself. For example, if you are out of town and need a person to sign documents for you while you are away or, more commonly, in the event that you are incapacitated.
There are three types of powers of attorney:
- Durable power of attorney: This type of power of attorney is effective immediately and stays in effect until the person who granted the power revokes it or passes away.
- Nondurable power of attorney: Also effective immediately, this power stays in effect until the death or revocation by the person who granted the power or when he or she becomes mentally incompetent. Nondurable powers of attorney are most often used for single transactions, such as real estate closings.
- Springing power of attorney: This power of attorney springs into effect at some specified event in the future, such as illness or disability. It is effective until death or revocation by a court.
Free Consultation With a New York Estate Planning Attorney
At our elder law firm, we will provide personal attention and practical solutions to your estate planning concerns. We will work closely with you to help you understand your legal options and to give you the straightforward legal advice you need about powers of attorney and your estate plan. Whether you are in Brooklyn or Queens, contact a New York estate planning lawyer for more information.
