The Witecki Law Office
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Power of Attorney

By placing your initials and signature on a Power of Attorney document, you are indeed giving tremendous power and authority to your Agent(s), who is/are the individual(s) whom you designate to act on your behalf. To the extent that you grant them authority, your Agent(s)  can engage in various Real Estate, Banking, Stock and Bond, Business and other transactions on your behalf, just as if they were you. The Powers granted through a Power of Attorney are broken down into little bits and pieces. Collectively, they allow your Agent(s) to do almost anything you yourself could do, with a few exceptions. (Your Agent under your Power of Attorney cannot execute a Will or make health care decisions for you, for example). In spite of the broad Powers which this document grants, however, it can be a very useful and even necessary document, when used cautiously and responsibly, especially if you lose capacity at some point, either temporarily or permanently.  There are also a series of precautions and checks and balances that can be used to minimize the potential abuse of this document. Among these checks and balances, under current New York law your Agent must sign the  Power of Attorney, and in doing so promises to abide by the powers and limitations you set forth in your Power of Attorney document. You can also appoint a “Monitor” to keep an eye on what your Agent is doing.

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The Witecki Law Office
8 South Church Street
Schenectady, NY 12035
[directions]

 
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