Power Of Attorney New York Statutory Gifts Rider
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4N.Y. Statutory Short Form Power of Attorney
N.Y. Statutory Gifts Rider
Effective 9/12/2010
POWER OF ATTORNEY
NEW YORK STATUTORY GIFTS RIDER
AUTHORIZATION
FOR CERTAIN GIFT TRANSACTIONS
Attached to a New York Statutory Short Form Power of Attorney
dated ____________ made by _______________________________________
CAUTION TO THE PRINCIPAL: This optional rider allows you 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 the statutory short form Power of Attorney (under personal and family
maintenance), or certain other gift transactions during your lifetime. You do not have to
execute this rider if you only want your agent to make gifts described in (I) of the grant of
authority section of the statutory short form Power of Attorney and you initialed “(I)” on that
section of that form. Granting any of the following authority to your agent gives your agent
the authority to take actions which could significantly reduce your property or change how
your property is distributed at your death. “Certain gift transactions” are described in section
5-1514 of the General Obligations Law. This Gifts Rider 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.
This Gifts Rider and the Power of Attorney it supplements must be read together as a single
instrument.
Before signing this document authorizing your agent to make gifts, you should seek legal
advice to ensure that your intentions are clearly and properly expressed.
(a) GRANT OF LIMITED AUTHORITY TO MAKE GIFTS:
Granting gifting authority to your agent gives your agent the authority to take actions which
could significantly reduce your property.
If you wish to allow your agent to make gifts to himself or herself, you must separately grant
that authority in subdivision (c) below.
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