The durable power of attorney is a common and powerful estate and financial planning tool created by New York General Obligations Law. The durable power of attorney allows you to appoint another person,
called an attorney-in-fact, to handle your affairs for you. You may
grant authority to your agent to handle real estate transactions,
banking transactions, business operations, tax matters, health care
matters, and others.
The ability to sign checks and pay bills for another person is one of several potential problems that a durable power solves.
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Durable Power of Attorney Frequently Asked Questions