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New York Durable Power of Attorney

This Durable Power of Attorney is made in accordance with New York State law, specifically under the New York General Obligations Law Section 5-1501.

Principal Information:

Name: ______________________________

Address: _____________________________

City, State, Zip: ______________________

Agent Information:

Name: ______________________________

Address: _____________________________

City, State, Zip: ______________________

Effective Date:

This Power of Attorney shall become effective immediately upon execution unless stated otherwise: ______________________

Durable Provision:

This Durable Power of Attorney shall not be affected by the subsequent incapacity of the Principal.

Powers Granted: The Agent shall have the authority to:

  • Manage financial accounts and transactions.
  • Make decisions regarding real estate.
  • Handle tax matters with government agencies.
  • Make gifts or loans on behalf of the Principal.
  • Access safe deposit boxes.

Limitations:

The Principal may limit the powers granted to the Agent by specifying them here: _______________________________________

Signature of Principal:

_____________________________ Date: ______________________

Witness Information:

Witness 1 Name: _____________________________

Witness 1 Signature: __________________________

Date: ______________________

Witness 2 Name: _____________________________

Witness 2 Signature: __________________________

Date: ______________________

Notary Public:

State of New York

County of ________________________

On this ___ day of ____________, 20__, before me, a Notary Public in and for said State, personally appeared ___________________________, known to me to be the signer of the foregoing instrument.

_____________________________ (Notary Public Signature)

My Commission Expires: ______________________

Similar forms

  • General Power of Attorney: This document grants someone the authority to act on your behalf in a wide range of matters, including financial decisions. Like the Durable Power of Attorney, it allows for the appointment of an agent but may not remain in effect if you become incapacitated.
  • Healthcare Power of Attorney: Similar to the Durable Power of Attorney, this document allows you to designate someone to make medical decisions for you if you are unable to do so. It focuses specifically on health-related matters rather than financial ones.
  • Living Will: This document outlines your wishes regarding medical treatment in situations where you cannot express them yourself. While it does not appoint an agent, it complements the Healthcare Power of Attorney by providing guidance on your preferences.
  • Trust: A trust can manage your assets and specify how they should be distributed after your death. Like the Durable Power of Attorney, it allows for the management of your affairs, but it typically comes into effect upon your death rather than during your lifetime.
  • Advance Directive: This document combines elements of both the Healthcare Power of Attorney and the Living Will. It provides instructions for your medical care and appoints someone to make decisions on your behalf, ensuring your wishes are honored in critical situations.