Making important decisions regarding finances, medical treatment and care you may need or want in the future can be difficult. We understand the complexity of these choices, and we are dedicated to helping you make estate planning decisions that will benefit you for years to come.
Since 2009, Trotto Law Firm, P.C., in Rochester, has assisted the people of New York with their individualized estate planning needs. The founding attorney, Jonathan Trotto, provides client-centered service. He knows how important it is to have plans in place. He will be there to guide you throughout the process.
Call Trotto Law Firm, P.C., at 585-453-0040 for a free evaluation.
Both health care proxies and financial powers of attorney are tools you can use to appoint someone to act on your behalf.
Power of attorney (POA): Your power of attorney is an agent you appoint to make financial and contractual decisions when you cannot or do not want to speak for yourself. A general durable power of attorney grants the agent power to act on your behalf in financial matters as soon as you sign, and the agent’s power continues if incapacitated. You can also specify that your agent only has power in the event of your incapacitation. The agent has a fiduciary obligation to ensure that they represent your best interests.
If you were to become incapacitated and you did not have a power of attorney, your family would have to file a court proceeding called a guardianship petition for appointment as your Article 81 guardian. This process can cost tens of thousands of dollars. Appointing a power of attorney will prevent this from happening.
Health care proxy: Your health care proxy is an agent or agents you appoint to make health care decisions when you can’t speak for yourself. These medical decisions should be within the bounds of your wishes designated in a living will. Every person should have a health care proxy in place in case they become incapacitated and can’t speak for themselves.
The health care proxy differs from a living will because with a living will you can specify what levels of treatment you will receive in the unfortunate event you are unable to make the decision on your own.
We can discuss your options and explain how these tools can be useful in addition to your estate plan.
Health care directives and powers of attorney give you the ability to decide who will act on your behalf in making health care and financial decisions when you are not able to do so yourself. Our lawyer can help you put these important documents in place. Contact us today at 585-453-0040 or email us for a free evaluation of your estate planning needs.