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Power Of Attorney New York Statutory Short Form (With Acknowledgments) (effective 9-12-10) - New York
| Power Of Attorney New York Statutory Short Form (With Acknowledgments) (effective 9-12-10) Form. This is a New York form and can be used in General . |
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POWER OF ATTORNEY NEW YORK STATUTORY SHORT FORM (a) CAUTION TO THE PRINCIPAL: Your Power of Attorney is an important document. As the "principal," you give the person whom you choose (your "agent") authority to spend your money and sell or dispose of your property during your lifetime without telling you. You do not lose your authority to act even though you have given your agent similar authority. When your agent exercises this authority, he or she must act according to any instructions you have provided or, where there are no specific instructions, in your best interest. "Important Information for the Agent" at the end of this document describes your agent's responsibilities. Your agent can act on your behalf only after signing the Power of Attorney before a notary public. You can request information from your agent at any time. If you are revoking a prior Power of Attorney by executing this Power of Attorney, you should provide written notice of the revocation to your prior agent(s) and to the financial institutions where your accounts are located. You can revoke or terminate your Power of Attorney at any time for any reason as long as you are of sound mind. If you are no longer of sound mind, a court can remove an agent for acting improperly. Your agent cannot make health care decisions for you. You may execute a "Health Care Proxy" to do this. The law governing Powers of Attorney is contained in the New York General Obligations Law, Article 5, Title 15. This law is available at a law library, or online through the New York State Senate or Assembly websites, www.senate.state.ny.us or www.assembly.state.ny.us. If there is anything about this document that you do not understand, you should ask a lawyer of your own choosing to explain it to you. (b) DESIGNATION OF AGENT(S): I, (name and address of principal) hereby appoint: (name(s) and address(es) of agent(s)) as my agent(s). If you designate more than one agent above, they must act together unless you initial the statement below. (_____) My agents may act SEPARATELY. Power of Attorney/New York Statutory Short Form Page 1 of 8 American LegalNet, Inc. www.FormsWorkFlow.com (c) DESIGNATION OF SUCCESSOR AGENT(S): (OPTIONAL) If any agent designated above is unable or unwilling to serve, I appoint as my successor agent(s): (name(s) and address(es) of successor agent(s)) Successor agents designated above must act together unless you initial the statement below. (_____) My successor agents may act SEPARATELY. (d) This POWER OF ATTORNEY shall not be affected by my subsequent incapacity unless I have stated otherwise below, under "Modifications." (e) This POWER OF ATTORNEY REVOKES any and all prior Powers of Attorney executed by me unless I have stated otherwise below, under "Modifications." If you do no intend to revoke your prior Powers of Attorney, and if you have granted the same authority in this Power of Attorney as you granted to another agent in a prior Power of Attorney, each agent can act separately unless you indicate under "Modifications" that the agents with the same authority are to act together. (f) GRANT OF AUTHORITY: To grant your agent some or all of the authority below, either (1) Initial the bracket at each authority you grant, or (2) Write or type the letters for each authority you grant on the blank line at (P), and initial the bracket at (P). If you initial (P), you do not need to initial the other lines. I grant authority to my agent(s) with respect to the following subjects as defined in ยงยง 51502A through 5-1502N of the New York General Obligations Law: ( ( ( ( ( ( ( ( ( ) (A) real estate transactions; ) (B) chattel and goods transactions; ) (C) bond, share, and commodity transactions; ) (D) banking transactions; ) (E) business operating transactions; ) (F) insurance transactions; ) (G) estate transactions; ) (H) claims and litigation; ) (I) personal and family maintenance. If you grant your agent this authority, it will allow the agent to make gifts that you customarily have made to individuals, including the agent, and charitable organizations. The total amount of all such gifts in any one calendar year cannot exceed five hundred dollars; ) (J) benefits from governmental programs or civil or military service; Page 2 of 8 American LegalNet, Inc. www.FormsWorkFlow.com ( Power of Attorney/New York Statutory Short Form ( ( ( ( ( ( ) (K) health care billing and payment matters; records, reports, and statements; ) (L) retirement benefit transactions; ) (M) tax matters; ) (N) all other matters; ) (O) full and unqualified authority to my agent(s) to delegate any or all of the foregoing powers to any person or persons whom my agent(s) select; ) (P) EACH of the matters identified by the following letters: You need not initial the other lines if you initial line (P). (g) MODIFICATIONS: (OPTIONAL) In this section, you may make additional provisions, including language to limit or supplement authority granted to your agent. However, you cannot use this Modifications section to grant your agent authority to make gifts or changes to interests in your property. If you wish to grant your agent such authority, you MUST complete the Statutory Gifts Rider. (h) CERTAIN GIFTS TRANSACTIONS: STATUTORY GIFTS RIDER (OPTIONAL) In order to authorize your agent to make gifts in excess of an annual total of $500 for all gifts described in (I) of the grant of authority section of this document (under personal and family maintenance), you must initial the statement below and execute a Statutory Gifts Rider at the same time as this instrument. Initialing the statement below by itself does not authorize your agent to make gifts. The preparation of the Statutory Gifts Rider should be supervised by a lawyer. ( ) (SGR) I grant my agent authority to make major gifts and other transfers of my property, in accordance with the terms and conditions of the Statutory Major Gifts Rider that supplements this Power of Attorney. (i) DESIGNATION OF MONITOR(S): (OPTIONAL) IF YOU WISH TO APPOINT MONITOR(S), INITIAL AND FILL IN THE SECTION BELOW: I wish to designate address(es) is/are , whose , as monitor(s). Upon the request of the monitor(s), my agent(s) must provide the monitor(s) with a copy of the power of attorney and a record of all transactions done or made on my behalf. Third parties holding records of such transactions shall provide the records to the monitor(s) upon request. Power of Attorney/New York Statutory Short Form Page 3 of 8 American Leg
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