Do You Know Your Power of Attorney Rights?
Vincent Russo, JD, LLM, CELA | March 6th, 2009Many seniors have Powers of Attorney, but do you have the right one? This is a very important question because no one has the right to make financial decisions for you, unless you have legally appointed a person with the authority to act for you. The best way to give that legal authority is by executing a Comprehensive Durable Power of Attorney.
STATUTORY FORM
It is critical that your Power of Attorney is a NEW YORK STATUTORY FORM: DURABLE GENERAL POWER OF ATTORNEY. This means that the document must be followed by banks and financial institutions in New