WHY DO I NEED A NY POWER OF ATTORNEY?

The first reason for having a power of attorney is convenience. If you are buying or selling assets and cannot appear in person to close the transaction, your agent may act for you. A second important reason to use a power of attorney is to be prepared for situations when you may not be able […]

New York Power of Attorney Law Revised

A new technical amendments law, effective September 12, 2010, corrects unintended problems created by New York’s Power of Attorney (POA) law that went into effect on September 1, 2009. The major changes are: Retroactive application of the technical changes to September 1, 2009. Execution of a new power of attorney will not automatically revoke an […]

Major Changes To New York Powers Of Attorney

A new law concerning New York powers of attorney, originally effective March 1, 2009, has been delayed until September 1, 2009. There are ten major changes affecting the content and the execution of the power of attorney form: GIFT RIDER:    To authorize the agent to make gifts, gift-giving authority must be initialed by the principal […]