Written by attorney Elaine Siegmund

Durable Power of Attorney

A Durable Power of Attorney is a document that allows your named agents to make financial decisions on your behalf and assist in taking care of your daily financial obligations. This document will be practical should you become incapacitated or if you are not able to handle your accounts or assets at any time. New York has adopted a statutory Power of Attorney form with detailed requirements for it to be considered valid in the state. While the statutory form or the form provided by the bank may be accepted by certain institutions, it is typically not sufficient to convey all the powers needed to a client. Not all power of attorneys are the same. A good Elder Law attorney will make numerous modifications to the statutory form.

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