Power of Attorney Lawyer Smithtown, NY
Prepare with an Experienced, Dedicated Power of Attorney Lawyer By Your Side
Power Of Attorney Lawyer Smithtown
The legal term “power of attorney,” or POA, refers to the legal authorization of a designated person to act for another individual in specified legal and financial matters. In a nutshell, this document allows you to decide, while you are competent and able, who will step in your shoes to make important legal and financial decisions on your behalf if you become unable to do so yourself. There are many reasons someone may utilize a power of attorney. Commonly, power of attorney is utilized by an agent to make decisions regarding the principal’s property, finances, investments, or medical benefits. A power of attorney is one of the most important legal estate planning documents you can create and it is important you fully understand the need for a POA and the impact of not having a POA if you become incapacitated.
Fratello Law is a New York law firm in Smithtown with experience helping clients create a comprehensive power of attorney It is crucial that you get the help of one of our trusted estate planning attorneys, experienced in the drafting a power of attorney as you prepare to ensure your wishes are protected by designating an agent you trust. We are a small firm with a big heart that focuses on building high-quality relationships with our clients as we guide them through any needs they have regarding a power of attorney in New York.
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How Does a Power of Attorney Work in New York?
A power of attorney is a legal document that involves the agent—or attorney-in-fact—and the principal and is used in the event of a principal’s temporary or permanent illness, disability, or when they are unable to sign necessary documents. Typically, power of attorney documents authorize the agent to represent the principal in all legal, property and financial matters.
It is important that your power of attorney meets your needs. While there are many variations, you it is important to speak with an experienced estate planning attorney, versed in New York law and the required formalities to ensure the power of attorney is effective when you need it.
Contact a Smithtown, NY Power of Attorney Lawyer Today
Fratello Law is a New York law firm with experience helping clients who are looking for assistance in setting up a power of attorney in Smithtown, New York. It is imperative that you retain a dedicated lawyer as you make this important decision.
We are a small firm with a big heart that focuses on building high-quality relationships with our clients across New York state. For a no-cost initial consultation, contact us here or call (631) 406-5580.
Our attorneys focus on creating a Last Will and Testament that carries out your wishes for your assets, belongings, the guardianship of your minor children, and more. Learn more.
Our practiced attorneys will guide you in selecting the right type of trust for you, appointing a trustee, and ensuring your assets are distributed to the correct beneficiaries. Learn more.
Our dedicated disability planning attorneys will guide you in creating the right power of attorney and healthcare proxy to ensure your finances and wellbeing are cared for in the event of an illness. They will also help you draft a living will that ensures all of your end-of-life wishes are upheld. Learn more.
Estate Tax Planning
Our estate planning attorneys at Fratello Law will guide you in transferring your hard-earned assets with as little taxation as legally possible by way of the many testate planning vehicles available. Both New York State and the federal government impose a tax on your right to transfer your property at your death if your gross estate exceeds a predetermined exclusion amount. This amount changes every year. We work with you and your accountant to determine the best panning to shelter your wealth.