A power of attorney is one of the more important documents you create when you develop an estate plan in the State of New York. Whether you create a single or multiple powers of attorney, the effectiveness of the document you create will largely hinge on your choice of agent. A good agent will be able to step in when needed and see to the tasks you have assigned, while a bad agent can mean endless headaches and potential legal disasters. To help you select the right agent for your needs, here are several tips you can use when creating a power of attorney. Tip 1. Look outside your circle of family members. Most people who create a power of attorney choose a close family member to serve as agent. For example, many married people choose their spouse, while single people will often choose a sibling or even a parent. However, there is no legal requirement that states that you have to choose someone related to you when appointing an agent under a power of attorney. In many situations a clos
Posted on: Wed, 22 Jan 2014 06:27:21 +0000
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