Two commonly used "advance directives” are Powers of Attorney and Healthcare Proxies. While similar, in New York, these two documents convey particular powers relating to different areas of one’s affairs....
For years, the New York Durable Power of Attorney Statutory Short Form was a source of problems for both the principal who was granting power of attorney (POA), and for the agent to whom authority was granted. The law required elder law attorneys and other professionals who draft POAs to use only the identical words and phrases spelled out in the statutory form or risk having the POA rejected by financial institutions and others....
A New York medical power of attorney, also known as a “health care proxy,” is a legal document that allows a patient to grant authority to a trusted individual (known as an “agent”, “proxy”, or an “attorney-in-fact”) to make medical decisions on their behalf if they are incapacitated. ...
On December 15th of last year, the State of New York introduced a new law that made significant changes to the New York power of attorney (“POA”). These changes took effect on June 13, 2021. Note that the new law won’t have any effect on the validity of existing, duly executed POAs, and the Statutory Gifts Riders, as they will all be grandfathered in....
In New York, an agent designated in a durable POA can only act on the principal’s behalf after he or she signs the power of attorney in front of two adult witnesses, and a notary public. The language included in the document must also meet certain statutory requirements....
In New York, an agent designated in a durable POA can only act on the principal’s behalf after he or she signs the power of attorney in front of two adult witnesses, and a notary public. The language included in the document must also meet certain statutory requirements....
Starting June 13, 2021, changes to the New York Power of Attorney (POA) form go into effect. Among these changes, discussed in detail here, is the major switch that the New York Statutory Short Form Power of Attorney no longer must contain the exact wording set forth within the law....
A power of attorney (POA) is a legal document that provides a trusted individual (known as the agent or attorney-in-fact) with the authority to act for another person (the principal). ...