Estate Planning Basics Attorney in New York, New York

What is a power of attorney in estate planning?

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so power of attorney is a

document

that is used during life

for

financial decision making

now there are what are called durable

power of attorneys which allow you to

grant your agent the ability to do

everything from

paying your bills collecting your income

tax transactions selling your home so

you can pick and choose or you can give

them everything allowed under the

statute

and there’s also what’s called a special

power of attorney or a limited power of

attorney that is specifically used for a

certain purpose let’s say you want them

to

sell your house or deal with the irs so

it’s limited to just that

NY estates planning & probate attorney Russel Morgan, Esq. explains what a power of attorney is in estate planning.

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