Long Island Estate Planning & Power of Attorney
Types of Power of Attorney
A power of attorney is a legal instrument which authorizes a person of your choosing to act on your behalf should you become mentally or physically incapacitated. The person so authorized is called your attorney in fact. Without this precaution in place, your estate is placed at risk should the unexpected occur. When a power of attorney has not been enacted, a court will appoint a guardian or conservator to act on your behalf as needed. Not only is this process time consuming and expensive for your estate, your financial affairs are placed in the hands of someone of the court's choosing.
You may establish a general power of attorney, giving broad authorization to manage your financial affairs, or a limited power of attorney, authorizing only restricted responsibilities or even specific transactions. It is vital you enlist the help of a Long Island estate planning lawyer in setting up this important function, as errors in doing so may result in a court forbidding your desired attorney in fact to act on your behalf. This can then result in significant detriment to your assets.
Estate Planning Attorney in Long Island
The trusted attorneys at Blutter & Blutter educate you regarding this matter, make suggestions for which factors should be considered and guide you through the entire process. They can help to determine the type of appointment most suitable for your needs and ensure it is properly executed in order to protect your assets. With more than 50 years of experience between them, they have helped thousands of individuals with their legal needs, always demonstrating understanding and sensitivity to the matter at hand. Arthur Blutter is a former Special Professor of Law at Hofstra University School of Law, an indication of the standard of representation you will find at the firm.
For help with matters relating to power of attorney, contact a Long Island estate planning lawyer.