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.
Queens New York Statutory Durable Power of Attorney — Durable Provisions is a legal document that designates an individual or entity to make financial and legal decisions on behalf of another person, known as the principal. This legal authority remains in effect even if the principal becomes incapacitated or unable to make decisions for themselves. In Queens, New York, the statutory durable power of attorney includes durable provisions, which means that it continues to be effective even after the principal becomes incapacitated. This ensures that the designated individual, known as the agent or attorney-in-fact, can act in the best interests of the principal and manage their affairs effectively. The durable provisions of the Queens New York Statutory Durable Power of Attorney grant the agent authority over numerous financial matters, such as managing bank accounts, paying bills and taxes, accessing safe deposit boxes, investing in real estate or other assets, and handling insurance policies. Additionally, the agent may be given the power to make decisions regarding the principal's legal affairs, including initiating legal actions, signing contracts, and managing business interests. It is essential to note that there are different types of provisions that can be included in the Queens New York Statutory Durable Power of Attorney. These provisions can vary depending on the specific needs and preferences of the principal. Some common provisions include: 1. Real Estate and Property Management Provisions: This provision grants the agent the authority to buy, sell, or manage the principal's real estate properties. It may include the power to negotiate and sign contracts, handle rental agreements, and manage property-related finances. 2. Health and Medical Provisions: Although the primary focus of a durable power of attorney is financial and legal matters, some versions may include provisions related to healthcare decisions. These provisions grant the agent the authority to make medical choices on behalf of the principal when they are unable to do so. 3. Business Management Provisions: If the principal owns a business, this provision allows the agent to manage the business affairs, including signing contracts, managing employees, and making financial decisions related to the business. 4. Tax and Finance Provisions: This provision permits the agent to handle the principal's tax obligations, including filing tax returns and representing the principal in tax-related matters. It may also include managing the principal's investments, retirement accounts, and other financial assets. Queens New York Statutory Durable Power of Attorney — Durable Provisions is a crucial legal instrument that ensures the smooth management of a person's affairs, especially during times of incapacity. Hiring an experienced attorney to assist in drafting this document is highly recommended ensuring that it meets all legal requirements and addresses the principal's specific needs and wishes accurately.Queens New York Statutory Durable Power of Attorney — Durable Provisions is a legal document that designates an individual or entity to make financial and legal decisions on behalf of another person, known as the principal. This legal authority remains in effect even if the principal becomes incapacitated or unable to make decisions for themselves. In Queens, New York, the statutory durable power of attorney includes durable provisions, which means that it continues to be effective even after the principal becomes incapacitated. This ensures that the designated individual, known as the agent or attorney-in-fact, can act in the best interests of the principal and manage their affairs effectively. The durable provisions of the Queens New York Statutory Durable Power of Attorney grant the agent authority over numerous financial matters, such as managing bank accounts, paying bills and taxes, accessing safe deposit boxes, investing in real estate or other assets, and handling insurance policies. Additionally, the agent may be given the power to make decisions regarding the principal's legal affairs, including initiating legal actions, signing contracts, and managing business interests. It is essential to note that there are different types of provisions that can be included in the Queens New York Statutory Durable Power of Attorney. These provisions can vary depending on the specific needs and preferences of the principal. Some common provisions include: 1. Real Estate and Property Management Provisions: This provision grants the agent the authority to buy, sell, or manage the principal's real estate properties. It may include the power to negotiate and sign contracts, handle rental agreements, and manage property-related finances. 2. Health and Medical Provisions: Although the primary focus of a durable power of attorney is financial and legal matters, some versions may include provisions related to healthcare decisions. These provisions grant the agent the authority to make medical choices on behalf of the principal when they are unable to do so. 3. Business Management Provisions: If the principal owns a business, this provision allows the agent to manage the business affairs, including signing contracts, managing employees, and making financial decisions related to the business. 4. Tax and Finance Provisions: This provision permits the agent to handle the principal's tax obligations, including filing tax returns and representing the principal in tax-related matters. It may also include managing the principal's investments, retirement accounts, and other financial assets. Queens New York Statutory Durable Power of Attorney — Durable Provisions is a crucial legal instrument that ensures the smooth management of a person's affairs, especially during times of incapacity. Hiring an experienced attorney to assist in drafting this document is highly recommended ensuring that it meets all legal requirements and addresses the principal's specific needs and wishes accurately.
