Power Of Attorney New York Statutory Short Form/power Of Attorney New York Statutory Major Gifts Rider Authorization To Make Major Gifts Or Other Transfers Form (Page 7 of 9) in pdf

New York State Bar Association

Statutory Short Form Power of Attorney, Major Gifts Rider Authorization, 7/28/09

Power of Attorney New York Statutory Major Gifts Rider

Authorization to Make Major Gifts or Other Transfers

CAUTION TO THE PRINCIPAL: T

OPTIONAL

HIS

RIDER ALLOWS YOU TO AUTHORIZE YOUR

AGENT TO MAKE MAJOR GIFTS OR OTHER TRANSFERS OF YOUR MONEY OR OTHER PROPERTY DURING

. G

YOUR LIFETIME

RANTING ANY OF THE FOLLOWING AUTHORITY TO YOUR AGENT GIVES YOUR

AGENT THE AUTHORITY TO TAKE ACTIONS WHICH COULD SIGNIFICANTLY REDUCE YOUR PROPERTY

. "M

OR CHANGE HOW YOUR PROPERTY IS DISTRIBUTED AT YOUR DEATH

AJOR GIFTS OR OTHER

5-1514

. T

TRANSFERS

ARE DESCRIBED IN SECTION

OF THE

ENERAL

BLIGATIONS

HIS

AJOR

IFTS

IDER DOES NOT REQUIRE YOUR AGENT TO EXERCISE GRANTED AUTHORITY

BUT WHEN HE OR

SHE EXERCISES THIS AUTHORITY

HE OR SHE MUST ACT ACCORDING TO ANY INSTRUCTIONS YOU

PROVIDE

OR OTHERWISE IN YOUR BEST INTEREST

HIS

AJOR

IFTS

IDER AND THE

OWER OF

TTORNEY IT SUPPLEMENTS MUST BE READ

TOGETHER AS A SINGLE INSTRUMENT

EFORE SIGNING THIS DOCUMENT AUTHORIZING YOUR AGENT TO MAKE MAJOR GIFTS AND OTHER

TRANSFERS

YOU SHOULD SEEK LEGAL ADVICE TO ENSURE THAT YOUR INTENTIONS ARE CLEARLY

AND PROPERLY EXPRESSED

(a) GRANT OF LIMITED AUTHORITY TO MAKE GIFTS

RANTING GIFTING AUTHORITY TO YOUR AGENT GIVES YOUR AGENT THE AUTHORITY TO TAKE

. I

ACTIONS WHICH COULD SIGNIFICANTLY REDUCE YOUR PROPERTY

F YOU WISH TO ALLOW YOUR

AGENT TO MAKE GIFTS TO HIMSELF OR HERSELF

YOU MUST SEPARATELY GRANT THAT AUTHORITY IN

(

)

SUBDIVISION

BELOW

O GRANT YOUR AGENT THE GIFTING AUTHORITY PROVIDED BELOW

INITIAL THE BRACKET TO THE

LEFT OF THE AUTHORITY

(____) I grant authority to my agent to make gifts to my spouse, children and more remote

descendants, and parents, not to exceed, for each donee, the annual federal gift tax exclusion

amount pursuant to the Internal Revenue Code. For gifts to my children and more remote

descendants, and parents, the maximum amount of the gift to each donee shall not exceed twice

the gift tax exclusion amount, if my spouse agrees to split gift treatment pursuant to the Internal

Revenue Code. This authority must be exercised pursuant to my instructions, or otherwise for

purposes which the agent reasonably deems to be in my best interest.

(b) MODIFICATIONS:

SE THIS SECTION IF YOU WISH TO AUTHORIZE GIFTS IN EXCESS OF THE ABOVE AMOUNT

GIFTS TO

. G

OTHER BENEFICIARIES OR OTHER TYPES OF TRANSFERS

RANTING SUCH AUTHORITY TO YOUR

AGENT GIVES YOUR AGENT THE AUTHORITY TO TAKE ACTIONS WHICH COULD SIGNIFICANTLY

. I

REDUCE YOUR PROPERTY AND

OR CHANGE HOW YOUR PROPERTY IS DISTRIBUTED AT YOUR DEATH

YOU WISH TO AUTHORIZE YOUR AGENT TO MAKE GIFTS OR TRANSFERS TO HIMSELF OR HERSELF

YOU

(c)

MUST SEPARATELY GRANT THAT AUTHORITY IN SUBDIVISION

BELOW

(____) I grant the following authority to my agent to make gifts or transfers pursuant to my

instructions, or otherwise for purposes which the agent reasonably deems to be in my best

interest:

____________________________________________________________________________________

Power Of Attorney New York Statutory Short Form/power Of Attorney New York Statutory Major Gifts Rider Authorization To Make Major Gifts Or Other Transfers Form Page 7

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