Estate Planning : What is Power of Attorney and Why is it Important?

  • A Power of Attorney allows you to appoint someone to take care of real estate, bank accounts, and bills
  • This is useful if you are leaving the country for a brief period of time
  • A Durable Power of Attorney allows you to have someone help you take care of finances, in the event that you are incapacitated
  • It is important to have a Power of Attorney if you are older in age
  • An individual is not automatically qualified to act on your behalf if you do not have a Power of Attorney.

This video was provided by Randy Gugino, a dedicated Buffalo Estate Planning Lawyer.