SAVE when you purchase both Durable Power Of Attorney Forms. Alternatively, each is available for individual purchase.
Durable Power of Attorney ("Springing") (7 Pages)
This Form is a Durable General Power of Attorney that is designed to become effective only in the event of the disability of the person granting the power. The disability must be proven by the certification of a physician that the grantor of the power is, in fact, disabled. Unlike a Power of Attorney that is effective immediately upon execution, this Form requires the physician’s affidavit as a prerequisite to becoming effective.
This Form is a Durable Power of Attorney. It is designed to be effective immediately upon execution, and to remain effective in the event of the signer’s disability or incapacity. This Form does not require any proof of disability of the person signing it.
The intent of the Form is to provide for the listing of a number of specific powers (such as gift-giving) which have been required by the courts or IRS to be effective, while at the same time granting broad discretion to the attorney-in-fact. It is suggested that local law/practice be consulted to see if it is helpful (or necessary) to provide citation of particular state law statutes in order to induce banks or other institutions to accept a Power of Attorney without further inquiry.
Author:
Steven G. Siegel is president of The Siegel Group, a Morristown, New Jersey - based national consulting firm specializing in tax consulting, estate planning and advising family business owners and entrepreneurs. Mr. Siegel holds a BS from Georgetown University, a JD from Harvard Law School and an LLM in Taxation from New York University.
He is the author of several books, including: Planning for An Aging Population; Business Entities: Start to Finish; Taxation of Divorce and Separation; Income Taxation of Estates and Trusts, Preparing the Audit-Proof Federal Estate Tax Return, Putting It Together: Planning Estates for $5 million and Less, Family Business Succession Planning, Business Acquisitions: Representing Buyers and Sellers in the Sale of a Business; Dynasty Trusts; Planning with Intentionally-Defective Grantor Trusts; The Federal Gift Tax: A Comprehensive Analysis; Charitable Remainder Trusts, Grantor Trust Planning: QPRTs, GRATs and SCINs, The Estate Planning Course, The Retirement Planning Course, Retirement Distributions: Estate and Tax Planning Strategies; The Estate Administration Course, Tax Strategies for Closely-Held Businesses, and Tort Litigation Settlements: Tax and Financial Issues.
Mr. Siegel has lectured extensively throughout the United States on tax, business and estate planning topics on behalf of numerous organizations, including National Law Foundation, AICPA, CCH, National Tax Institute, National Society of Accountants, and many others. He has served as an adjunct professor of law at Seton Hall and Rutgers University law schools.
The Siegel Group provides consulting services to accountants, attorneys, financial planners and life insurance professionals to assist them with the tax, estate and business planning and compliance issues confronting their clients. Based in Morristown, New Jersey, the Group has provided services throughout the United States. The Siegel Group does not sell any products. It is an entirely fee-based organization. Contact the Siegel Group through its president, Steven G. Siegel, e-mail:
[email protected].
