Power of Attorney

New Power of Attorney in New York June 13, 2021

What Changed in the new Power of Attorney

  • EFFECTIVE DATE ON NEW POWER JUNE 13, 2021
  • SUBSTANCIAL COMFORMITY TO SECTION 5-1513 OF THE GOL
  • THIRD PARTY MAY SIGN FOR PRICIPAL AT PRINCIPAL’ S DIRECTION
  • STATUTORY GIFT RIDER ELIMINATED
  • GIFT IN EXCESS OF $ 5,000.00 MAXIMUM ALLOWED IN SECTION (f)(l)
  • OPTIONAL SECTOON NOT USED MAY BE OMITTED WITH WORDS “INTENTIONALLY OMITTED”
  • SIGNATURE REQUIREMENT: POWER MUST BE ACKNOLWEDGED AND WITNESSED BY TWO PEOPLE
  • EFFECTIVE ONLY IF SIGNED BY AGENT
  • PRIOR POWER OF ATTORNEY IS GRANFATHERED.

KIDS GOING TO COLLEGE SHOULD GET A POWER OF ATTORNEY SIGNED.

Download new Power of Attorney Form here…