This is a statutory durable general power of attorney form that is provided in the New York State Consolidated Laws. This form complies with the current law in New York for creating a power of attorney.
This form includes both the statutory short form power of attorney, as well as an optional gifts rider.
Kings New York Statutory Durable Power of Attorney (POA) is a legal document that grants an appointed individual, known as the agent or attorney-in-fact, the authority to make decisions and act on behalf of the principal in financial and legal matters. The durable provisions of this document ensure that the authority granted to the agent remains in effect even if the principal becomes incapacitated or mentally incompetent. In Kings County, New York, there are various types of durable provisions that can be included in a Statutory Durable Power of Attorney. These provisions are designed to provide flexibility and allow customization to meet the specific needs and preferences of the principal. Some common durable provisions that can be added to the Kings New York Statutory Durable Power of Attorney are: 1. General Powers: This provision grants the agent general authority to handle all financial and legal matters on behalf of the principal, including managing bank accounts, paying bills, making investments, and engaging in real estate transactions. 2. Healthcare Decisions: This provision enables the agent to make healthcare-related decisions for the principal, such as consenting to or refusing medical treatment, choosing healthcare providers, and accessing medical records. It is important to note that healthcare decisions are typically regulated by separate legal documents, such as a healthcare proxy or living will. 3. Gifts and Donations: This provision allows the agent to make gifts or donations using the principal's assets, subject to certain limitations and guidelines specified in the power of attorney. It ensures that the agent acts in the best interest of the principal while considering their long-term financial goals. 4. Real Estate Transactions: This provision authorizes the agent to buy, sell, or manage real estate properties owned by the principal. It includes tasks such as managing rental properties, signing lease agreements, and handling property taxes and insurance. 5. Business Transactions: If the principal owns a business, this provision grants the agent the authority to manage business affairs, enter into contracts, represent the principal in legal matters, and make financial decisions related to the business's operations. It is essential to consult with an attorney experienced in New York estate planning and elder law to draft a Kings New York Statutory Durable Power of Attorney with the desired durable provisions. The attorney can guide you through the process, ensuring compliance with New York state laws and tailoring the document to your specific requirements and preferences.Kings New York Statutory Durable Power of Attorney (POA) is a legal document that grants an appointed individual, known as the agent or attorney-in-fact, the authority to make decisions and act on behalf of the principal in financial and legal matters. The durable provisions of this document ensure that the authority granted to the agent remains in effect even if the principal becomes incapacitated or mentally incompetent. In Kings County, New York, there are various types of durable provisions that can be included in a Statutory Durable Power of Attorney. These provisions are designed to provide flexibility and allow customization to meet the specific needs and preferences of the principal. Some common durable provisions that can be added to the Kings New York Statutory Durable Power of Attorney are: 1. General Powers: This provision grants the agent general authority to handle all financial and legal matters on behalf of the principal, including managing bank accounts, paying bills, making investments, and engaging in real estate transactions. 2. Healthcare Decisions: This provision enables the agent to make healthcare-related decisions for the principal, such as consenting to or refusing medical treatment, choosing healthcare providers, and accessing medical records. It is important to note that healthcare decisions are typically regulated by separate legal documents, such as a healthcare proxy or living will. 3. Gifts and Donations: This provision allows the agent to make gifts or donations using the principal's assets, subject to certain limitations and guidelines specified in the power of attorney. It ensures that the agent acts in the best interest of the principal while considering their long-term financial goals. 4. Real Estate Transactions: This provision authorizes the agent to buy, sell, or manage real estate properties owned by the principal. It includes tasks such as managing rental properties, signing lease agreements, and handling property taxes and insurance. 5. Business Transactions: If the principal owns a business, this provision grants the agent the authority to manage business affairs, enter into contracts, represent the principal in legal matters, and make financial decisions related to the business's operations. It is essential to consult with an attorney experienced in New York estate planning and elder law to draft a Kings New York Statutory Durable Power of Attorney with the desired durable provisions. The attorney can guide you through the process, ensuring compliance with New York state laws and tailoring the document to your specific requirements and preferences.
