Buffalo Estate Planning Checklist & Guide
Estate planning is not just for the old and wealthy. Even young, single people should start legal, financial and medical planning for death or disability.
You should discuss the following legal tools with your attorney:
- Durable Powers of Attorney. By signing a power of attorney, you can authorize another person to act on your behalf to perform any number of specified onto such as: real estate transactions, banking, operation of a business, insurance or lawsuits.
- There are two types of durable powers of attorney:
- An “immediate power of attorney” which is not affected by your subsequent disability or incapacity; and
- A “springing power of attorney” which does not go into effect until you become disabled or incapacitated.