Durable Power Of Attorney Form Nyc

New york state bar association new york statutory short form power of attorney 8 18 10 eff.

Durable power of attorney form nyc.

For example it won t allow the agent to make changes to a new york state deferred compensation retirement account. The new york statutory durable power of attorney form authorizes an attorney in fact to manage a person s financial matters in perpetuity after the document s execution even in the event of incapacitation. Power of attorney or authorization forms for the irs for example form 2848 or form 8821. You can still complete form poa 1 using our web application.

Additional information for detailed instructions. Just print and sign the form and send it directly to the tax department by fax preferred or mail but not both. A new york durable power of attorney form is a legal document used to give a person the authority to act on behalf of another person in financial and or personal matters even if the other person is determined to be incapacitated or found legally incompetent to manage his or her own affairs. New york durable financial power of attorney form grants a person you designate as your agent with broad powers to handle your assets and property while you are still alive.

The nyslrs special durable power of attorney form meets all of new york state s legal requirements. If you also wish your agent s to be compensated from your assets for services rendered on your behalf initial the statement below. The form is limited to nyslrs pension benefit transactions. New york power of attorney forms provides different ways for an individual to give another the right to represent him or her in a variety of matters there are different occasions that call for the use of a poa so there are different forms.

Whether a durable general medical or limited power of attorney is in place this revocation form will immediately terminate the desired power of attorney as long as it s properly executed. The appointed attorney in fact should be someone close to the principal someone capable but also trustworthy. The new york legislature has created a financial power of attorney form which is titled power of attorney new york statutory short form. Power of attorney forms for other new york state agencies for example the department of labor s form ia 900.

New york financial power of attorney form. Once the power of attorney form is signed the attorney in fact will be. Potentially you may use this template to grant the agent the authority to decide upon a variety of issues and perform a wide scope of actions in your name. Some forms allow an individual to appoint someone with the authority to act on a broad range of financial transactions.

340 page 4 of 9 behalf. If you still want to use the paper form. Continue to paper form poa 1 power of attorney. This form can be found in the new york consolidated laws general obligations law section 5 1513.

If you wish to define reasonable compensation you may do so above. Power of attorney or authorization forms for another state s or city s department of revenue or finance or tax department for example.