New York Statutory Power Of Attorney Short Form
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4General Obligations
§ 5-1513.
Statutory
short
form
power of attorney. 1. The use of the
following form in the
creation of a power of attorney
is
lawful,
and,
when
used,
and
executed in accordance with subdivision one of section
5-
1501B of this title, it shall be construed as a statutory
short
form
power of attorney in accordance with the provisions of
this title:
"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, or
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.
(b) DESIGNATION OF AGENT(S):
I,
_______________________________________________, hereby appoint:
name and address of principal
_____________________________________________________as my
agent(s)
name(s) and address(es) of agent(s)
If you
designate more than one agent above,
they
must
act
together
unless you initial the statement below.
(
) My agents
may act SEPARATELY.
(c) DESIGNATION OF SUCCESSOR AGENT(S):
(OPTIONAL)
If
any
agent
designated
above
is
unable or
unwilling to serve, I
appoint as my successor agent(s):
_______________________________________________________________
name(s) and address(es) of successor agent(s)
Successor agents
designated above must act together unless
you
initial
the
statement below.
(
) My successor agents may act
SEPARATELY.
You
may provide for specific succession rules in
this section. Insert
specific succession provisions here:
(d)
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