A power of attorney is a contractual arrangement that allows someone you choose to make all types of legal and financial decisions and arrangements on your behalf. By giving someone power of attorney over your affairs, you are authorizing them to handle all of your finances and to manage your legal obligations. Working with a qualified and experienced New York power of attorney lawyer is a must to ensure that your power of attorney is set up correctly and that it provides you with protection against the dangers of these arrangements. Lesly R. Devereaux, PLLC can provide you with the right solutions for your durable and limited power of attorney needs.
In the state of New York, the most common type of power of attorney is what is known as a durable power of attorney. These legal arrangements go into effect immediately and remain in effect even if you become incapacitated or unable to manage your own affairs. Powers of attorney and health care proxies are both designed to allow you to plan for emergencies in advance. By choosing a trusted friend or family member to hold your durable power of attorney, you can ensure that all your financial and legal affairs will be managed even when you are not able to handle them yourself.
Limited power of attorney arrangements are less common than durable powers of attorney. These legal documents allow another individual to act on your behalf in a specific financial matter or set of financial activities. In most cases, limited power of attorney arrangements include provisions for the termination of the contractual agreement when the tasks are completed.
General power of attorney arrangements differ from durable powers of attorney in that they terminate when the individual granting this authority becomes incapacitated or is declared incompetent. This makes them less useful for most clients than the durable power of attorney. As an experienced New York power of attorney lawyer, Attorney Lesly Devereaux can help you to determine which of these legal arrangements is best suited to your needs.
Because a power of attorney arrangement essentially allows someone else to handle every aspect of your financial affairs and legal matters, choosing the right person to take on this responsibility is critical. New York Power of Attorney Lawyer, Lesly Devereaux can provide you with expert guidance and support in creating a workable power of attorney arrangement that protects your assets while ensuring that your affairs are handled in accordance with your wishes. This can help you to feel more confident about what could happen if you were in an accident or were suddenly unable to manage your affairs.
Depending on the provisions of your durable power of attorney contract, your agent may be able to disburse gifts from your accounts to family members, friends or other people. You can set up your power of attorney to limit or allow these types of financial gifts and to provide a framework for any disbursements made on your behalf. Your New York power of attorney lawyer will work with you to determine the best approach for your specific situation.
As a respected and knowledgeable New York power of attorney lawyer, Lesly Devereaux has built her reputation on providing her clients with the right solutions for their needs. Her background in ministry and in elder law practice makes her an ideal choice for those looking for an experienced lawyer to handle issues with health care proxies, wills and power of attorney arrangements. If you would like to schedule an appointment, book an appointment on this page with New York Power of Attorney Lawyer, Lesly R. Devereaux, or drop us an email at LD@leslylaw.com. We look forward to the opportunity to serve you now and in the future.