Chelsea, New York
233 West 14th Street
New York, NY 10011
(212) 633-2200

What Is a Power of Attorney & Do I Need One? May 15, 2017

Chelsea, Manhattan
What Is a Power of Attorney & Do I Need One?, Manhattan, New York

Whether you are ill or in perfect health, you cannot guarantee you'll always be able to make good personal, medical, and business decisions for yourself. For this reason, most people would benefit from a power of attorney.

A power of attorney is a legal document appointing another individual or organization to make decisions on your behalf and handle your affairs when you are unable to do so, either for medical reasons or because you'll be out of the country. A power of attorney ensures control will stay in the hands of someone you trust.

There are several types of power of attorney. A general power of attorney covers a broad range of actions, including business decisions, lawsuits, purchases and sales, and gifts. This type of power of attorney is useful both when you are temporarily unavailable to make decisions and when you are unconscious or impaired.

power of attorneyA special power of attorney is more limited; it grants one or a few of the powers a general power of attorney would, as specified in the document. When you have a specific affair you'd like someone else to handle, use a special power of attorney.

A health care power of attorney pertains to medical decisions and allows a trusted individual or group to act when you can't. An advanced health care directive is a combination of a health care power of attorney and a living will.

You can't be sure when tragedy may strike, but a power of attorney can help you determine what will happen next. Create a power of attorney today to place your affairs in the hands of someone you trust.

 

We The People of NY offers document preparation services for wills, powers of attorney, and other legal documents. Access notary and formal signing services from one convenient storefront location. For questions, call (212) 633-2200 or contact them online.

Other Announcements, Events and Deals from We The People of NY
Who Gets the Pets After a Divorce?, Manhattan, New York
When couples separate, they often prefer a quick divorce to part ways and move on. If you and your ex-spouse adopted pets throughout your marriage, you likely want to maint...read more
How to Cope With Emotions During a Divorce, Manhattan, New York
The end of a marriage is always emotionally exhausting, even if you’re filing for an uncontested divorce where both parties mutually agree on all conditions. While you may not b...read more
Top 3 Misconceptions About Bankruptcy, Manhattan, New York
Personal bankruptcy comes in two forms: Chapter 7 or Chapter 13. Under the first, you liquidate most of your assets to repay what you owe creditors. Under the second, the c...read more
How to Cope With the Emotional Aspects of Bankruptcy, Manhattan, New York
Bankruptcy is a valuable legal tool, giving struggling borrowers the ability to shed unmanageable debt and start their lives over. While filing for debt relief can be a positive step...read more
How to Discuss Filing for Bankruptcy With Your Spouse, Manhattan, New York
If you’ve fallen behind on bills and decided that filing for bankruptcy is the answer, you’re eventually going to have to discuss it with your spouse. While dischargin...read more