A New York Durable Power of Attorney form is a legal document that allows an individual, known as the principal, to appoint someone else, called an agent, to make financial and legal decisions on their behalf. This form remains effective even if the principal becomes incapacitated, ensuring that their affairs are managed according to their wishes. Understanding this form is essential for anyone looking to plan for future financial management and decision-making.
Durable Poa Form - It provides your agent the ability to pay bills, manage accounts, and handle investments.
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Is Power of Attorney Public Record - It provides peace of mind, knowing someone you trust is in charge of your affairs.
New York Durable Power of Attorney
This Durable Power of Attorney is created according to New York State law and grants authority to another person, known as the Agent or Attorney-in-Fact, to handle your affairs should you become unable to do so. Use this document to ensure that your wishes are respected.
Principal Information:
Name: _______________________________________
Address: _____________________________________
City, State, Zip: _____________________________
Agent Information:
Durability Provision:
This Durable Power of Attorney shall not be affected by my subsequent disability or incapacity. It remains in effect until I revoke it or upon my death.
Powers Granted:
I grant my Agent the authority to perform the following actions:
Effective Date:
This Durable Power of Attorney is effective immediately upon signing or on the following date: ____________________________.
Revocation:
I retain the right to revoke this Durable Power of Attorney at any time, as long as I am competent to do so.
Signature:
_______________________________
Date: __________________________
Notary Acknowledgment:
State of New York
County of _______________________
On this _____ day of ______________, 20__, before me, a Notary Public in and for said State, personally appeared _____________________, personally known to me or proved to me on the basis of satisfactory evidence to be the individual(s) whose name(s) is/are subscribed to the within instrument, and acknowledged to me that he/she/they executed the same in his/her/their capacity(ies) as above mentioned, and that by his/her/their signature(s) on the instrument, the individual(s) executed the instrument.
______________________________
Notary Public
A New York Durable Power of Attorney is a critical document that allows an individual to designate someone to make financial decisions on their behalf. It is often used in conjunction with other legal forms to ensure comprehensive planning. Here are five essential documents that are frequently paired with a Durable Power of Attorney:
Utilizing these documents alongside a Durable Power of Attorney can provide peace of mind and ensure that your financial and medical wishes are respected. It is advisable to consult with a legal professional to ensure that all documents are properly executed and meet your specific needs.