Rockland County Power of Attorney Lawyer

Power of Attorney Lawyer in Rockland County

Most individuals do not want to think about a time in which they are no longer able to make crucial decisions on their own. However, in cases of injury, illness, or other incapacitation, it is important that you have already taken the correct legal steps to allow your loved ones control over issues such as your healthcare desires, living situations, and personal finances. Working with a Rockland County, NY, power of attorney lawyer can help.

Common Forms of Rockland County Power of Attorney

A power of attorney (POA) is a legal document that grants control to an individual or group the ability to act on behalf of another individual in legal or financial decisions. It is essential to work with an estate planning attorney to ensure your power of attorney is valid and legal in the event you are no longer able to make these decisions on your own.

There are several forms a power of attorney document can come in and understanding these types is vital to decide which kind correctly fits your needs. These common forms include the following:

• General power of attorney. This form of a POA gives the agent, or the individual acting on behalf of the person who established the POA, or the principal, the power to manage certain aspects of the principal’s life. These aspects can include financial matters or the management of property.
• Limited or special power of attorney. In this, the POA is tailored for a specific task, such as selling off a piece of property or lasting for a set amount of time. The POA is terminated once this task is completed or once the time frame has run out.
• General durable power of attorney. In this form, a POA continues to be effective even once the principal is incapacitated and ensures the agent continues managing the principal’s affairs. This form of a POA can refer to both a general POA and a special POA. By default, all POAs in New York are considered durable.
• General durable statutory power of attorney. In New York, this form of a POA substantially conforms to the state statute. This POA offers substantial protection to ensure the POA is honored.
• Health Care Proxy. In New York, this document, also known as a Medical POA, is separate from a general Power of Attorney. It allows an individual to appoint an agent to make medical decisions if they become unable to do so themselves.

When Does Power of Attorney Become Necessary in New City, NY?

The inclusion of a power of attorney in your estate plan may arise in a variety of situations, whether anticipated or unexpected. These scenarios can include the following:

• Illness or incapacity. One of the most common reasons a POA is triggered is when the principal becomes incapacitated due to an injury, illness, or other incapacity.
• Estate planning. When a POA is included in a comprehensive estate plan, this can ensure your assets are managed and administered according to your wishes, even if you are incapacitated.
• Medicaid planning. As part of overall planning for the future, a POA can help in a Medicaid plan that is designed to protect your wealth from the costs of nursing homes, assisted living, or in-home care.

Speak With a Skilled Rockland County Power of Attorney Lawyer

If you are wanting to plan for the future with power of attorney and an overall estate plan, the attorneys at Greco Law are here to help. Contact us today to schedule a Legacy Planning Session and learn more on how we might be of service to you.