A power of attorney grants another person or persons the authority to conduct certain activities on behalf of the principal. The power invested in this document can be strong or weak. It can be very broad in scope or restricted to a specific circumstance. It can last for years or only a day, depending on the specific language expressed in the document.
At the Law Office of Roy A. List, we are available to draft powers of attorney on behalf of people in Nassau County and throughout Long Island. With more than thirty years' experience in estate law, we understand the possibilities and the limitations of these important documents. We apply our legal skill and experience level to draft them in ways that help our clients effectively pursue their goals.
Contact our law firm today to meet with an experienced Nassau County estate planning attorney. We have a clear understanding of the recent changes in New York that have made the legal process more complicated. We are available to explain how the changes in the law may affect your legal needs.
Offering Legal Solutions Based on Your Particular Needs
A power of attorney can be created to accomplish many different types of tasks. A durable power of attorney can often serve as a cost-effective and more convenient alternative to a guardianship.
Recent major changes to New York State law regarding powers of attorney, effective Sept. 1, 2009 and Sept. 12, 2010, allow a principal to appoint not only an agent, but also a monitor to oversee the actions of the agent. This can be particularly useful in managing the personal and financial affairs of an incapacitated person when there is any doubt regarding the trustworthiness of the agent. A power of attorney can be useful even when a principal is not incapacitated, for example, when a principal is out of town when there is the closing of a sale of the principal's property. These and many other tasks can be accomplished through various types of powers of attorney.
Protecting Your Rights and Assets
It is very important to carefully draft powers of attorney and to appoint an agent who can be trusted to act as a prudent fiduciary. A fiduciary is an agent of a principal who owes a duty of loyalty to the principal and may only act in the best interests of the principal, for example, an executor, trustee, guardian or custodian. There are also some strict rules regarding gifting of assets and developing revocable trusts. Hicksville estate planning attorney Roy A. List is available to review your situation and create a power of attorney designed to effectively accomplish your long-term goals.
Schedule a Free Consultation With a Hicksville Estate Law Lawyer
Contact us for a free initial consultation to discover the benefits of establishing a power of attorney. We will work to establish a power of attorney based on your individual situation while seeking to address any of your questions or concerns about creating a power of attorney.
