Estate Planning

Things to Consider when Selecting a Person for Power of Attorney

Most people are familiar with the concept of power of attorney even if they are not familiar with the various nuances associated with the estate planning process.

Power of attorney allows a person to appoint another individual as an agent who will make financial and health care cases in cases the person who created the document becomes incapacitated.

There are actually several different types of power of attorney documents. Fo example, durable powers of attorney which allows an individual to appoint someone to make financial decision, while contingent powers of attorney become effective once a person becomes incapacitated.

The post Things to Consider when Selecting a Person for Power of Attorney appeared first on New York Estate Planning Lawyer Blog.

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