Power of attorney

New New York Power of Attorney Form

by Fred Abramson

New New York Power of Attorney Form Com­menc­ing Sep­tem­ber 1, 2009, NY enacted new law with regards to power of attor­neys.  You can find the new forms here:
http://www.judicialtitle.com/forms.php

NY Estate Planning Legal Issues– Planning For Incapacity

by Fred Abramson

As we move on in life, there is an increased pos­si­bil­ity that you may become inca­pac­i­tated for some time.   This issue often becomes a prob­lem for fam­ily mem­bers when con­fronted with con­tin­u­ing life-support and mak­ing impor­tant finan­cial deci­sions. With a durable power of attor­ney, a liv­ing will and a durable power of attor­ney for health care, you can make sure that your wishes are granted with­out bur­den­ing your loved ones.

Finan­cial Decisions:

  • Durable Power of Attor­ney. This doc­u­ment allows you to name some­one to take care of your finances if your are unable to. If you fail to draft a durable power of attor­ney, your rel­a­tives and friends will have to peti­tion the court for the abil­ity to have con­trol over your finances.  If they do not agree about who has con­trol of your finances, a pricey and pro­tracted con­ser­va­tor­ship pro­ceed­ing may ensue.

Med­ical Decisions:

  • Liv­ing Will. This doc­u­ment acts as a con­tract with the doc­tor who is tak­ing care of you. It states your wishes about the type of health care you should receive if you are incapacitated.
  • Durable Power of Attor­ney for Health Care. Here you will appoint some­one to make your med­ical deci­sions if you are unable to do so. 
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NY Estate Planning Legal Issues Planning For Incapacity

Estate Planning

by Fred Abramson

Estate PlanningYou under­stand that you need an estate plan. But like many of your friends, you\‘ve been pro­cras­ti­nat­ing because estate plan­ning is unpleas­ant to think about. I am here to help. I will tell you every­thing that you need to con­sider when set­ting up your estate.  I will pre­pare all of your estate doc­u­ments for you,  which include at least a will, health care proxy, liv­ing trust and a durable power of attor­ney.  The sooner you get your estate plan com­pleted, the quicker you will feel cer­tain that the peo­ple who you love will be pro­vided for.

Estate plan­ning is sim­ply the process of dis­pos­ing all of your assets after you die.  Who needs to think about it?

Once you begin your estate plan­ning, you will understand:

  • Why you need a will;
  • The advan­tages of hav­ing a liv­ing trust;
  • The pro­bate process and why you want to steer clear of it;
  • How to pro­tect and pro­vide for your children;
  • Why you prob­a­bly don\‘t have to worry about estate taxes;
  • Why you need a retire­ment plan.

Estate plan­ning is a great thing to do for your fam­ily.  Con­grat­u­la­tions on even think­ing about it.

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Estate Planning