As an experienced Rochester Estate Planning Lawyer, people often ask about a springing power of attorney. There are basically two types of powers of attorney. There is an immediate power of attorney that goes in effect when you and your agent sign it. The second is a springing power of attorney, which does not go into effect until a future event such as when a doctor certifies that you are incapacitated. Most people prefer the immediate power of attorney in order to make things less complicated.
Are you interested in getting a springing power of attorney? If so, contact the experienced Rochester Estate Planning Lawyer Robert Friedman.
This educational legal blog was brought to you by Robert Friedman, an experienced Rochester Estate Planning Lawyer.
Recent Posts
The Importance of Updating Your Estate Plan Regularly in Livingston County, NY
Estate planning is a crucial aspect of financial management that often goes overlooked or postponed. [...]
Estate Sales and Liquidation in Fairport, NY Probate Cases
In the realm of estate planning and administration, the intricacies of probate cases can be [...]
What Are the Exceptions to Mortgage Due on Sale Clauses?
According to the Garn-St. Germain Depository Institutions Act of 1982, a mortgage lender may not [...]
Common Estate Planning Mistakes to Avoid in Rochester
Estate planning is a crucial aspect of securing your legacy and ensuring a smooth transition [...]
Divorce and Its Impact on Estate Planning in Pittsford, NY
Divorce is a significant life event that can have far-reaching consequences, especially in the realm [...]
Estate Planning Considerations for Business Owners in Webster
Webster, a vibrant town in Massachusetts, is home to a thriving community of business owners. [...]
New 2024 U.S. Estate & Gift Tax Exemptions for 2024
The U.S. Treasury and IRS have published updated figures for various provisions of the Internal Revenue [...]
How to Transfer a Vehicle to a NY Living Trust
If you want your car included in your revocable living trust to avoid New York [...]