Durable Power Of Attorney Form Ny

The new york statutory durable power of attorney form authorizes an attorney in fact to manage a person s financial matters in perpetuity after the document s execution even in the event of incapacitation.

Durable power of attorney form ny. New york durable financial power of attorney form grants a person you designate as your agent with broad powers to handle your assets and property while you are still alive. New york financial power of attorney form. A new york revocation power of attorney form can be used to cancel an existing power of attorney form. Word docx or adobe pdf in a health care proxy the principal can describe what medical actions should be taken in the event of a severe illness or incapacitation.

Submit the nyslrs power of attorney form for faster service. This form can be found in the new york consolidated laws general obligations law section 5 1513. Health care proxy new york. Whether a durable general medical or limited power of attorney is in place this revocation form will immediately terminate the desired power of attorney as long as it s properly executed.

For example it won t allow the agent to make changes to a new york state deferred compensation retirement account. This type of form stays in effect even if you become mentally incapacitated and unable to act for yourself. Potentially you may use this template to grant the agent the authority to decide upon a variety of issues and perform a wide scope of actions in your name. It basically allows someone to act on your behalf with regard to all of your financial affairs.

Additional information for detailed instructions. The appointed attorney in fact should be someone close to the principal someone capable but also trustworthy. New york state bar association new york statutory short form power of attorney 8 18 10 eff. The form is limited to nyslrs pension benefit transactions.

Durable power of attorney allows a principal to confer the power to act across a broad range of financial matters. You can still complete form poa 1 using our web application. If you still want to use the paper form. Power of attorney forms for other new york state agencies for example the department of labor s form ia 900.

The new york legislature has created a financial power of attorney form which is titled power of attorney new york statutory short form. Just print and sign the form and send it directly to the tax department by fax preferred or mail but not both. Continue to paper form poa 1 power of attorney. In new york state a health care medical power of attorney form is called a health care proxy.

If you wish to define reasonable compensation you may do so above. The nyslrs special durable power of attorney form meets all of new york state s legal requirements. If you also wish your agent s to be compensated from your assets for services rendered on your behalf initial the statement below. 340 page 4 of 9 behalf.