Statutory Short Form of Durable General Power of Attorney - New York

N.Y. Statutory Short Form Power of Attorney
Effective 9/12/2010
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, you should provide written notice of the revocation to your prior agent(s) and to
any third parties who may have acted upon it, including 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.
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